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Intercontinental Exchange announces president of ICE Clear U.S.

ICEIntercontinental Exchange (ICE), an operator of global exchanges and clearing houses, announced that Thomas Hammond will retire as president of ICE Clear U.S. on January 1, 2017.

Mr. Hammond joined ICE Clear U.S. as president in August 2007, where he oversaw all technology, operations and financial functions at the clearing house.

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Prior to joining ICE, he was Managing Director of Trading Operations at the Chicago Board of Trade.

Prior to that he was EVP and COO of the Board of Trade Clearing Corporation (BOTCC), where he managed the development and integration of over-the-counter (OTC) clearing systems.

Mr. Hammond will begin transitioning his ICE Clear U.S. responsibilities to Hester Serafini starting October 1, and, beginning January 1, will take on new responsibilities advising on global strategic clearing initiatives.

Ms. Serafini, currently Chief Operating Officer of ICE Clear U.S., joined ICE in March 2016, and is responsible for managing the clearing house operations and interpreting and implementing regulatory changes.

She joined the company from J.P. Morgan, where she led the OTC clearing and intermediation business for credit, FX and rates derivatives in Europe, the Middle East and Africa.

Prior to that, she was global head of credit prime brokerage and clearing for Deutsche Bank.


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