ABN AMRO Clearing has appointed John M. Ruth as CEO of its Chicago office.
Ruth previously was managing director and branch manager of Goldman Sachs Execution & Clearing in Chicago. Before that he was a vice president at First Options of Chicago and a partner at Century Group Holdings, where he helped launch and build the firm's introducing broker business. He began his career as a floor trader at the Chicago Board of Trade.
Ruth has an underdraduate degree from Indiana University and an MBA from the Kellstadt School of Business at DePaul University. He holds numerous FINRA and NFA licenses.
"I am very excited to be joining ABN AMRO Clearing and to further developing our offering," Ruth says. "We are already one of the leading global clearers, and the bank is focused on growing the business. I hope to be an integral part of this effort and look forward to working with our dedicated teams in Chicago and around the world, to provide our customers with the best products and services available."
Marcel Jongmans, global CEO of ABN AMRO Clearing based in Amsterdam, adds:
"John's strong skills, experience and leadership in the U.S. broker-dealer space will take the firm to the next level in a changing and challenging regulatory world."
ABN AMRO Clearing provides independent third-party clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX.