Jill Considine Appointed to the LCH.Clearnet Group Board of Directors
LCH.Clearnet Group (LCH.Clearnet) today announced that Jill Considine has been appointed to the Board of Directors of LCH.Clearnet Group. Jill will join the Board on April 25, 2014. She will also serve as Chair of the Board Directors of LCH.Clearnet LLC, the Group’s US-based entity. Mr. Aigrain remains Chairman of LCH.Clearnet Group.
Ms. Considine brings a wealth of experience to the Board with a distinguished career in both industry and government service. She brings a deep understanding of market risk and the market infrastructure and clearing sectors. From 2009 – 2011, Jill was one of three trustees of the AIG Credit Facility Trust appointed by the US Treasury and Federal Reserve Bank of NY. Jill also served as Chairman and Chief Executive Officer of the Depository Trust & Clearing Corporation, and its AAA rated subsidiaries, from 1999 until 2008 and was President of the New York Clearing House Association L.L.C. from 1993 to 1998. Prior to these roles, Jill held an executive role and Board position with American Express Bank Ltd; served as the New York State Superintendent of Banks; and served as a member of the board of the Federal Reserve Bank of New York, where she was Chairman of the Audit and Operational Risk Committee.
Jacques Aigrain, Chairman of LCH.Clearnet Group said: “We are delighted that Jill Considine has joined our Board and will serve as the Chair of the Board of LCH.Clearnet LLC. She brings a strong track record and deep understanding of market infrastructure, risk management and the clearing business. Our growing business in the US reflects part of the Group’s long-term strategy, and I look forward to working with Jill as we continue to expand our operations in this market.”
Biography: Jill M. Considine
Jill M. Considine joins LCH.Clearnet Group Board of Directors and is appointed as Chair of LCH.Clearnet LLC.
Most recently, Ms. Considine was one of three trustees of the AIG Credit Facility Trust appointed by the Federal Reserve Bank of NY and the US Treasury and served from 2009 until 2011, when the terms of the trust were successfully fulfilled by AIG.
Ms. Considine served as Chairman and Chief Executive Officer of the Depository Trust & Clearing Corporation and its AAA rated subsidiaries (securities depository and clearing houses) from 1999 to 2008. She was President of the New York Clearing House Association, L.L.C. from 1993 to 1998 and served as a Managing Director, Chief Administrative Officer and as a member of the Board of Directors of American Express Bank Ltd., from 1991 to 1993. Prior to that, Ms. Considine served as the New York State Superintendent of Banks from 1985 to 1991. She completed a six year term as a member of the board of the Federal Reserve Bank of New York in 2008, where she served as Chairman of the Audit and Operational Risk Committee
She currently serves on the Boards of Directors of Interpublic Group of Companies (former Chair of Compensation Committee), Mizuho Securities, USA and InfraHedge, Ltd. She previously served as a director of the Ambac Financial Group, Inc as Chair of Governance Committee and presiding Director. She also served as Non Executive Chairman of Butterfield Fulcrum Group Ltd. (a hedge fund administrator) since January 2008 until 2011, when the company was sold.
A member of the Council on Foreign Relations and the Economics Club of NY, Jill served on the Group of Thirty Steering Committee on global clearance and settlement.
Ms. Considine was a Presidential appointee to the Advisory Committee for Trade Policy and Negotiations from 2003 to 2004. She was named Six Sigma CEO of the Year in 2006, and one of Crain¹s New York Business 100 Most Influential Women in Business in YEAR and recognized by Global Custodian in 2013 with its Lifetime Achievement Award
Ms. Considine holds a B.A with honours in biology from St John’s University, attended Bryn Mawr College, and received an M.B.A. with honours from the Columbia University Graduate School of Business and an honorary Doctorate of civil law from St. John¹s University.
For further information:
USA - Liz Bruce, Fitzroy, Tel + 1 212 498 9197
Rachael Harper, LCH.Clearnet, Tel + 44 (0)20 7426 7175
LCH on social media
The LCH.Clearnet Group is a leading multi-asset class and multi-national clearing house, serving major exchanges and trading platforms as well as a range of OTC markets.
LCH.Clearnet’s world-class risk management framework provides exceptional levels of protection to international markets, as has been proven through the management of past defaults. As demand for robust clearing services continues to grow, LCH.Clearnet is committed to achieving the highest standards of risk management across all asset classes cleared.
LCH.Clearnet Group is majority owned by London Stock Exchange Group (LSE.L), a diversified international exchange group that sits at the heart of the world's financial community.