Former Barclays clearing head joins ICE

 Intercontinental Exchange snaps up former Barclays clearing head for its rates business. 

The former head of Barclays derivatives clearing business has resurfaced at ICE, joining its interest rate business. 

Ray Kahn joined the Atlanta-based exchange group on 3 January, a spokesperson for ICE confirmed, following a hiatus of six months.

He was previously Barclays’ global head of risk, treasury, resources and regulatory management, within its agency derivatives services in New York. Prior to that he led the bank’s futures clearing business.

Kahn left in August following a number of key departures at the bank, including Tim Stack, who was previously head of its agency derivatives business. 

Before his time at Barclays, Kahn was with Lehman Brothers from 2001 to 2008, as global head of loan portfolio hedging and risk mitigation.