LCH.Clearnet Selects New US CEO
Weisbrod, a 40-year veteran of JPMorgan, will oversee the group's continued US expansion. Most recently, he held the position of vice chairman, risk management for the bank, sat on its Corporate Risk Policy group, and chaired its Exchange and Clearinghouse Steering Committee.
He has also served on the board of the Depository Trust and Clearing Corporation, and has been active in several New York Federal Reserve committees. Prior to his last role at JPMorgan, he spent 10 years as the firm's chief risk officer in its Treasury and Securities Services Division. He currently sits on the CLS Group Holdings board, which mitigates settlement risk in the interbank foreign exchange market.
Weisbrod will work in tandem with group CEO, Ian Axe, in developing the firm's US strategy.
More on Emerging Technologies
Google gifts Linux, capital raised for Canton, one less CTP bid, and more
The Waters Cooler: Banks team up for open-source AI controls, S&P injects GenAI into Capital IQ, and Goldman Sachs employees get their own AI assistant in this week’s news roundup.
Numerix strikes Hundsun deal as China pushes domestic tech
The homegrown tech initiative—‘Xinchuang’—is a new challenge for foreign vendors.
RBC’s partnership with GenAI vendor Cohere begins to bear fruit
The platform aims to help the Canadian bank achieve its lofty AI goals.
Deutsche Bank casts a cautious eye towards agentic AI
“An AI worker is something that is really buildable,” says innovation and AI head
TMX buys ETF biz, Iress reinvests in trading tools, UBS data exposed, and more
The Waters Cooler: Euroclear’s next-gen service, MarketAxess launches e-trading for IGBs, and new FX services are in this week’s news round-up.
SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.
Waters Wavelength Ep. 322: Navigating air travel and cybersecurity
This week, Reb, Nyela, and Shen discuss concerns around air travel and notable cybersecurity incidents.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
