ICE names president and chairman for Ice Clear Europe
The Atlanta-based Intercontinental Exchange (Ice) has appointed new management staff for its London-based European clearing house, Ice Clear Europe.
Bob Reid will serve as chairman of Ice Clear Europe. He has served on the board of directors of Ice since 2001. He has been chairman of ICE Futures, Ice’s UK-regulated futures subsidiary, since 1999.
Clearing for Ice is currently provided by LCH.Clearnet. Ice expects to fully transition its energy futures and OTC derivatives clearing business to its ICE Clear Europe operations in the third quarter of 2008 (see also: Ice to form London-based clearing house). Ice Clear Europe will partner with Ice’s US clearing house to serve its global customer base across the commodities and financial products marketplace, including futures and OTC derivatives markets.
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