Clearing group LCH.Clearnet has appointed a former JP Morgan director as its new equities director and head of cash markets development.
The appointment of Willem Mooijer comes as the larger clearing houses seek to bolster their talent pools ahead of 2016 as they look to increasingly offer direct access to buy-siders.
At the recent FIA Futures and Options Expo in Chicago, Martin Pluves, chief executive of LCH.Clearnet, said all clearing groups were now considering “different membership models”.
Today, the company confirmed that Mooijer has joined the business in the Netherlands, having spent the past three years working at JP Morgan in the London office.
Most recently he was executive director for securities clearing with responsibility for European clearing, settlement and regulatory strategy – a role he took up in April 2014. Prior to that he worked at JP Morgan as a consultant.
In addition to his director role, Mooijer will also head up operations in Amsterdam.
Mooijer’s appointment follows the announced appointment of former Federal Reserve COO Christine Cumming back in October 2015.
When contacted by The TRADE, a spokeswoman for LCH.Clearnet confirmed the appointment but declined to comment further. Mooijer could not be reached for comment.
The clearing group is 57 per cent owned by London Stock Exchange Group and has operations serving a full suite of asset classes including fixed income, derivatives, credit default swaps, equities, commodities, listed derivatives and foreign exchange.