CME lines up Lamb to run European clearing

The Chicago Mercantile Exchange (CME) has named Andrew Lamb as chief executive of its European clearing house, CME Clearing Europe, subject to regulatory approval of the venture.

Lamb will be based in London and will act as a special adviser to the exchange during the approval process. As chief executive, he will have responsibility for developing risk management policies and the daily operations of the clearing house.

Since 2006 Lamb has been an independent consultant. Prior to that, he was CEO

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