Patrick Birley will be chief commercial officer of NYSE Euronext’s (NYX) new full-service clearing house in London, which is due to commence operations from June 2013.
Birley joins NYX’s senior management team for clearing at an important time, following the announcement last week that, subject to regulatory approval, NYSE Liffe Clearing will be expanded next year to become NYSE Clearing - a fully integrated Central Counterparty (CCP), serving multiple markets.
He will report to Mark Ibbotson, executive vice president of Global Clearing at NYX, and work alongside Declan Ward, executive director & head of NYSE Liffe Clearing.
Mark Ibbotson said: “We are delighted to welcome Patrick to NYSE Euronext. He brings with him a wealth of clearing experience, from a distinguished career in the industry, where he has led the development of several successful businesses.
Patrick is as excited as we are about the clearing opportunities that lie ahead, and about collaborating with our customers - many of whom he knows already – as we roll out pioneering, value-added clearing solutions.”
It has also been reported that John Tanner, post-trade business architect at the London Stock Exchange, has left after 25 years of service, as the LSE diversifies beyond cash equities.
