Intercontinental Exchange Promotes David Farrell to COO

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, 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 the global software firm 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 today. 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.

“These appointments support our ability to better serve our customers and to build on our growth strategy,” said Jeff Sprecher, ICE Chairman and CEO. “Dave and Hester’s deep operational and risk management backgrounds, together with industry experience will position these businesses for continued growth by strengthening the service we provide.”

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