Ice hires ex-Barclays OTC clearing chief in rates push

Ex-Barclays and Lehman banker Ray Kahn joins exchange group to focus on interest rate derivatives business

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Ray Kahn: exchanges play an "essential and growing role" in capital markets

Ray Kahn, the former head of over-the-counter derivatives client clearing at Barclays, has joined Ice to focus on its interest rate derivatives business, the exchange group has confirmed.

As previously reported by Risk.net, Kahn – who was a managing director with Barclays in New York, leading agency derivatives services risk, treasury, resources and regulatory management – left the bank around six months ago. Ice says he joined the firm on January 3.

In a statement, Kahn said: "After a number

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