Christine Cumming swaps Fed for LCH.Clearnet

Global clearing house LCH.Clearnet Group has appointed Christine Cumming to the board of directors of LCH.Clearnet LLC, its US-based entity, to serve as an independent non-executive director and as a member of the Risk Committee.

Before this appointment, Cumming held a number of leadership positions over her 35-year tenure at the Federal Reserve Bank of New York, most recently as First Vice President for 11 years and Chief Operating Officer. In her earlier roles at the Bank, she specialised in bank supervision and economic research, contributing to policy work on risk management, capital markets, liquidity management, and the handling of failed and failing financial institutions.