LCH.Clearnet Group has appointed Christine Cumming to its board of directors.
Cumming, previously first vice president of Federal Reserve Bank of New York, will join the global clearinghouse’s US-based entity as independent non-executive director, effective immediately.
She will also serve as a member of the risk committee.
Prior to her appointment, Cumming held a number of leadership positions over her 35-year tenure at the Federal Reserve Bank of New York.
Jill Considine, chairman of LCH.Clearnet LLC, said: “Cumming has had a distinguished career at the Federal Reserve Bank of New York, often leading and participating in the work of a number of international financial policy committees.”
“Her experience will undoubtedly be an asset to LCH.Clearnet LLC and I am delighted to welcome Christine to the Board.”
