Zickwolff steps down as CEO for CCP12 24 September 2020Shanghai Reporter: Natalie Turner
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The Global Association of Central Counterparties (CCP12), is set to see Eurex Clearing鈥檚 Teo Floor take over as CEO from Marcus Zickwolff, effective from 1 October.
CCP12 is a global association of 37 members that operate more than 60 individual CCPs.
Floor, based in Frankfurt, takes on the top job following a role as special advisor to the CEO of Eurex Clearing, the Deutsche Boerse-owned CCP, where he has been since 2008.
Previously, he also served as a vice-chair for CCP12鈥檚 executive committee for Europe, the Middle East and Africa as well as a co-chair and treasurer in the board of the European Association of CCP Clearing Houses.
CCP12 was registered as an association in January 2017 and has an office in Shanghai.
Zickwolff was appointed as its first CEO in April 2017 but will soon step down to pursue a new role as founder and managing director of ZIRE Consulting Services.
鈥淚 am delighted that Teo is joining CCP12,鈥� says Kevin McClear, president of ICE Clear US and chairman of CCP12. 鈥淲ith him we can ensure that the excellent work of Marcus will continue as Teo is also an expert in CCP matters and is well-known by regulators and the industry.鈥�
Of his new role, Floor says: 鈥淚t is a great pleasure and honour to begin work for the global CCP community, and to lead the excellent team Marcus has built up at CCP12.
鈥淐CPs are a critical component in financial markets and stability, and the ongoing development of best practices and promotion of their services by CCP12 is an asset to their broad ecosystem of private and public stakeholders.鈥�
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