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People moves news

LCH.Clearnet adds Cumming to BoD


20 October 2015 New York
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
LCH.Clearnet Group has appointed Christine Cumming to its board of directors.

Cumming, previously first vice president of Federal Reserve Bank of New York, will join the global clearinghouse’s US-based entity as independent non-executive director, effective immediately.

She will also serve as a member of the risk committee.

Prior to her appointment, Cumming held a number of leadership positions over her 35-year tenure at the Federal Reserve Bank of New York.

Jill Considine, chairman of LCH.Clearnet LLC, said: “Cumming has had a distinguished career at the Federal Reserve Bank of New York, often leading and participating in the work of a number of international financial policy committees.”

“Her experience will undoubtedly be an asset to LCH.Clearnet LLC and I am delighted to welcome Christine to the Board.”
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