LCH.Clearnet appoints new global head of CDSClear
23 March 2015 Paris
Image: Shutterstock
Frank Soussan will become global head of CDSClear on 1 July 2015, LCH.Clearnet has confirmed.
Based in Paris, Soussan will lead the continued expansion of the service, which is the only European Market Infrastructure Regulation-authorised central counterparty for the clearing of credit default swaps.
He is currently head of in-business risk for CDSClear and will take on his new role from Gavin Wells, who will now focus exclusively on ForexClear.
Prior to Soussan鈥檚 roles at LCH.Clearnet, he served as senior portfolio manager for the credit special opportunities fund at Renshaw Bay.
He also had spells at Soci茅t茅 G茅n茅rale and J.P. Morgan.
Michael Davie, Group COO at LCH.Clearnet, commented: 鈥淲e are delighted to announce Soussan鈥檚 appointment as the new global head of CDSClear, which further strengthens the group鈥檚 senior management team.鈥
Based in Paris, Soussan will lead the continued expansion of the service, which is the only European Market Infrastructure Regulation-authorised central counterparty for the clearing of credit default swaps.
He is currently head of in-business risk for CDSClear and will take on his new role from Gavin Wells, who will now focus exclusively on ForexClear.
Prior to Soussan鈥檚 roles at LCH.Clearnet, he served as senior portfolio manager for the credit special opportunities fund at Renshaw Bay.
He also had spells at Soci茅t茅 G茅n茅rale and J.P. Morgan.
Michael Davie, Group COO at LCH.Clearnet, commented: 鈥淲e are delighted to announce Soussan鈥檚 appointment as the new global head of CDSClear, which further strengthens the group鈥檚 senior management team.鈥
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