People moves: CME hires for European clearing push

It’s clear that you can’t build a decent house without good plumbing, so the CME’s hire of Andrew Lamb as its chief executive for CME Clearing Europe looks solid. The appointment is subject to the approval of the CME’s application to the UK’s Financial Services Authority to become a recognised clearing house (RCH).

Lamb will act as a special advisor to the CME during the RCH approval process and, subject to recognition, he will then serve as its CEO.