European Central Counterparty (EuroCCP) has appointed Cécile Nagel as CEO, effective September this year.
Nagel joins from the London Stock Exchange Group (LSEG), where she joined in 2009 working in a number of senior roles.
Her most recent role was head of LSE markets global product development and LSE exchange-traded products.
EuroCCP announced in November last year that Diana Chan would step down as CEo and hand over the management of the firm this year.
Jan Bart de Boer, chairman of EuroCCP’s supervisory board, said: “We are delighted to have Cécile join as EuroCCP’s CEO. She is one of Europe’s leading market structure experts and is ideally placed to lead the business at a time when the equities market is expected to continue to transform as a result of regulatory change and the application of new technology.”
Commenting on her appointment, Nagel added: “I am honoured to have been asked to lead EuroCCP. It is a major market infrastructure in Europe with a strong equities footprint and significant opportunities for growth. I look forward to working with my new colleagues to deliver the next stage of its development for the benefits of clearing members, trading venues and all stakeholders.”
EuroCCP announced earlier this week that it has signed an agreement with Deutsche Börse to govern the project for EuroCCP to gain access to the Frankfurter Wertpapierbörse (FWB), the Frankfurt Stock Exchange.
The solution provides self-clearing exchange members and clearing agents with a choice of CCP for cash equities traded on FWB.
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