Cboe has appointed Vikesh Patel as president of Cboe Clear Europe, its pan-European clearing house.
Patel will begin the role in early 2023, replacing interim president Arnoud Siegmann. Cecile Nagel stepped down from the position in September.
Patel has more than fifteen years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently head of securities, with responsibility for leading its global securities strategy.
He has also served in global executive roles at Goldman Sachs and Morgan Stanley, with a primary focus on market infrastructure and post-trade strategy.
Natan Tiefenbrun, president of Cboe Europe, says: "We are delighted to have Vikesh lead Cboe Clear Europe, and we are excited to able to leverage his expertise to support Cboe Clear Europe's strategic growth and further enhance its position as the leading pan-European clearing house.
“I would also like to express my gratitude to Arnoud Siegmann for the period in which he has served as Cboe Clear Europe's interim president, in addition to his ongoing role as CEO."
Patel adds: "I am honoured to be appointed as the next president of Cboe Clear Europe. The company is at an exciting time in its development and I am looking forward to leading it into its next phase of growth."
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