CME Group’s fixed income platform BrokerTec has appointed Sara Carter as an executive director and global head of repo.
Carter joins BrokerTec from Morgan Stanley, where she most recently served as executive director for client financing sales. Elsewhere in her 15-year tenure at Morgan Stanley, Carter held various senior fixed income sales and trading positions, including serving as vice president of fixed income rates sales.
“Sara brings a fantastic combination of industry knowledge, experience and relationships,” John Edwards, global head of BrokerTec, told The TRADE.
“She is a great fit to build on our culture of client-driven innovation across our market-leading US and EU dealer repo platform and BrokerTec Quote, our fast-growing dealer-to-client Request for Quote (RFQ) repo trading solution.”
Her appointment follows news earlier this year that BrokerTec had expanded its collaboration with LCH RepoClear to provide an improved route for clearing Euro-denominated securities with LCH through BrokerTec Quote.
Clients of the repo platform can now clear trades in Euro-denominated securities transactions with LCH RepoClear via sponsored clearing, allowing dealers and clients to trade Euro-denominated repo with a central counterparty.