European equities clearinghouse EuroCCP has appointed a senior post-trade technology expert as its new chief technology officer.
David Hatton will take over the senior role from Albert-Jan Huizing, who has decided to leave the firm at the end of June this year having worked at EuroCCP since it launched in 2007.
Hatton will take up the role as of 20 May following a short handover and transition period. He will oversee the clearinghouse’s IT strategy and manage IT functions across infrastructure, application development and support.
With 25 years’ experience in financial services, Hatton joins the clearinghouse from Commerzbank where he was product owner for the FX option migration project. Prior to that he spent almost six years at LCH and helped develop and launch its FX clearing service, ForexClear. In 2014, Hatton moved to Paris to lead IT for LCH CDSClear, overseeing its transformation programme and IT strategy.
“I am delighted that David has chosen to join EuroCCP,” said Cécile Nagel, CEO of EuroCCP. “As we continue to develop our business, we need to understand how existing and new technology can help support our growth and bring efficiencies to our clients.
“[Huizing] has been integral to the development and success of EuroCCP since it was launched more than 10 years ago, helping turn the business into one of Europe’s leading market infrastructures. His contribution and counsel will be missed.”
EuroCCP provides clearing services for various major European stock exchanges, and was recently chosen by Cboe, the London Stock Exchange and Aquis Exchange to provide clearing for their recently established EU-entities ahead of Brexit.