LCH promotes Poilvet-Clédière as CEO of LCH SA
LCH Group announced that Corentine Poilvet-Clédière has been appointed CEO of LCH SA, the European CCP based in Paris. She will report to Daniel Maguire, LSEG Head of Post Trade and CEO of LCH Group. The appointment follows the decision from Christophe Hémon to step down as CEO of LCH SA, having been in office since 2004.
Corentine has over 15 years’ experience working in financial markets. She is currently head of RepoClear and Collateral Management, LCH SA, where she is responsible for the euro-denominated debt and repo clearing service, RepoClear, as well as the clearing house’s collateral management function. Prior to this role, Corentine was global head of Regulatory Strategy at LSEG where she played a central role engaging on a wide range of strategic policy issues, particularly in Post Trade. Prior to this, Corentine was part of the team involved in the launch of CDSClear as Governance Manager at LCH SA. In addition, Corentine has experience working for EY Financial Services, as well as BNP Paribas in New York.
Daniel Maguire, LSEG head of Post Trade and CEO of LCH Group said in statement: “Corentine is a prime example of the importance LSEG places on internal mobility and progression, whereby talent is able to grow, flourish, adapt, and develop to meet the Group’s business needs. I look forward to continuing to work with her as we expand our multi-asset class offering, and deliver new products and services across LCH SA, the leading EU-based clearing house.
Poilvet-Clédière said in a statement: “Having spent many years at LSEG, I know the key role that LCH plays in providing resilient and systemically important risk management services to global customers across asset classes. I look forward to building on the excellent foundations laid under Christophe’s leadership and lead LCH SA through its next stage of growth.”
SSImple appoints chair, completes funding round
SSImple, a SaaS DLT platform for standing settlement instructions (SSIs), announced that Matthew Cook has been appointed as chair. With more than two decades of industry experience, Cook’s most recent role was at SWIFT, where he held global responsibilities. His tenure involved leading key strategic and industry-wide initiatives focused on enhancing settlement efficiency for international securities and FX transactions.
Cook began his career in investment banking with UBS and Credit Suisse, occupying senior roles across diverse operational domains such as equities, FX, and OTC products. He is actively involved in angel investing in innovative fintech start-ups operating within the capital markets arena.
Cook said in a statement, “As the industry grapples with shorter settlement cycles and maintains a strong focus on reducing transactional costs and friction, this is an exciting time to be joining SSimple. Accurate, authenticated, and timely SSIs have long been a consistent challenge, hindering the realization of a fully straight-through-processing (STP) vision within the industry. This hindrance has been exacerbated by error-prone manual processes and costly, outdated legacy platforms. Leveraging SSImple’s innovative SaaS approach, we present a cost-efficient effective and readily implementable solution across multiple asset classes for the 21st century, with the goal being to transform this vision into reality.”
SSImple also announced the conclusion revealed of an angel funding round led by David Little, a seasoned fintech expert and serial angel investor. Financial details were not disclosed.
Bill Meenaghan, SSImple CEO, said in a statement, “I am pleased to share that SSImple has concluded its angel funding round, accompanied by Matthew’s acceptance of the Chairman’s role. These advancements empower us to automate the archaic SSI process for an expanded range of firms. This, in turn, will further enhance the accuracy, speed, and security of the settlement process, particularly with the imminent arrival of T+1. I look forward to seeing what we can achieve together in the coming months.”
SETL’s Alan Philpot moves to Delta Capita to boost DLT business
Delta Capita announced the appointment of Alan Philpot to chief product officer. Bringing more than 30 years’ experience in operations and strategy across financial markets, Alan joins from SETL where he was head of Custody and Market Infrastructure. He has also held senior roles in post-trade and securities at Barclays and Capco.
In his new role, Alan will be responsible for bolstering Delta Capita’s DLT offering and leading the strategy and execution of future product offerings. Based in London, he will be working closely with the product management and strategic partnerships team.
Delta Capita’s DLT business currently includes settlement optimization, asset and collateral tokenization, multi-asset books and records, digital issuance and digital custody, digital identity and passports, and interoperability. Alan’s appointment follows the news that Delta Capita has acquired distributed ledger technology from SETL to build the next generation capital markets ecosystem, with Montis Group announced as the anchor client.
Joe Channer, CEO of Delta Capita, said in a statement: “[Philpot’s] extensive market knowledge and decades of experience working in financial services will be highly valuable as we continue to build new and exciting technology offerings for our clients, including Distributed Ledger Services, and support us on our mission to reinvent the financial services value chain.”
Philpot said in a statement: “The next chapter of capital markets and technology innovation is here, and I’m looking forward to bringing to market fresh new solutions that will transform the way that our clients work and how they service their customers.”