LCH.Clearnet Group has appointed Jill Considine to its board of directors. Considine will join the board on 25 April 2014. She will also serve as chair of the board directors of LCH.Clearnet LLC, the group’s US-based entity. Jacques Aigrain remains chairman of LCH.Clearnet Group.
Aigrain commented: “[Considine] brings a strong track record and deep understanding of market infrastructure, risk management and the clearing business.”
“Our growing business in the US reflects part of the group’s long-term strategy, and I look forward to working with [Considine] as we continue to expand our operations in this market.”
From 2009 to 2011 Considine was one of three trustees of the AIG Credit Facility Trust appointed by the US Treasury and Federal Reserve Bank of NY.
She also served as chairman and CEO of the Depository Trust and Clearing Corporation, and its AAA rated subsidiaries, from 1999 until 2008 and was president of the New York Clearing House Association LLC from 1993 to 1998.
Prior to these roles, Considine held an executive role and board position with American Express Bank, served as the New York State Superintendent of Banks; and served as a member of the board of the Federal Reserve Bank of New York, where she was chairman of the Audit and Operational Risk Committee.
