July 24, 2017 11:44 PM ET

Capital Markets

Company Overview of ICE Clear U.S., Inc.

Company Overview

ICE Clear U.S., Inc. provides clearing services and financial stability for its clearing members. It performs reconciliation and clearing of futures and options transactions. The company serves trading public, members of the exchange, and the clearing members of the clearing corporation. ICE Clear U.S., Inc. was formerly known as New York Clearing Corporation. The company was founded in 1915 and is based in New York, New York. ICE Clear U.S., Inc. operates as a subsidiary of ICE Futures U.S., Inc.

140 Broadway

23rd Floor

New York, NY 10005

United States

Founded in 1915

Phone:

212-785-2939

Fax:

212-785-2937

Key Executives for ICE Clear U.S., Inc.

Chairman and Chief Executive Officer
Age: 62
President and Chief Operating Officer
Executive Vice Chairman
Compensation as of Fiscal Year 2017.

ICE Clear U.S., Inc. Key Developments

ICE Clear U.S. Announces Executive Changes

Intercontinental Exchange announced that derivatives industry veteran, Thomas Hammond, will retire as President of ICE Clear U.S. on January 1, 2017. Hester Serafini, currently Chief Operating Officer of ICE Clear U.S., will become President at that time. Hammond will begin transitioning his ICE Clear U.S. responsibilities to Serafini starting October 1, 2016 and, beginning January 1, 2017 will take on new responsibilities advising on global strategic clearing initiatives. Serafini joined ICE in March 2016, and is responsible for managing the clearing house operations and interpreting and implementing regulatory changes. She joined the company from J.P. Morgan, where she led the OTC clearing and intermediation business for credit, FX and rates derivatives in Europe, the Middle East and Africa. Prior to that, Serafini was global head of credit prime brokerage and clearing for Deutsche Bank.

Intercontinental Exchange Announces Executive Changes at ICE Futures U.S. and ICE Clear U.S

Intercontinental Exchange announced chief operating officer (COO) appointments at ICE Futures U.S. and ICE Clear U.S. David Farrell, Senior Director, Global Soft Commodity Operations, has been promoted to COO of ICE Futures U.S. Farrell joined ICE in 2012 and has held leadership roles in market supervision, product management, commodity operations and, most recently, head of global soft commodity operations across ICE Futures U.S. and ICE Futures Europe. Before joining ICE, Farrell oversaw the development of commodities trading and risk management products at Kiodex, a division of SunGard (FIS). Farrell reports to Trabue Bland, President of ICE Futures U.S. Hester Serafini joins ICE as COO of ICE Clear U.S., effective March 1, 2016. In this role, she reports to Tom Hammond, President of ICE Clear U.S., and is responsible for managing the clearing house operations and interpreting and implementing regulatory changes. Serafini joins the company from J.P. Morgan, where she led the OTC clearing and intermediation business for credit, FX and rates derivatives in Europe, the Middle East and Africa. Before that, she was global head of credit prime brokerage and clearing for Deutsche Bank.

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