Cboe appoints Vikesh Patel as President of Cboe Clear Europe

By Gloria Methri

Cboe Global Markets has announced the appointment of Vikesh Patel as President of Cboe Clear Europe, its leading pan-European clearing house. Patel will join the company in early 2023 to replace Cécile Nagel, who stepped down from the role in September this year.

Patel has over 15 years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently Head of Securities with responsibility for leading its securities strategy globally.

Prior to joining SWIFT in 2017, Patel was a chief operating officer at LCH, focusing on strategy, risk management, and the development of new products for the clearing organisation’s EquityClear and RepoClear businesses. He has also served in global executive roles at Goldman Sachs and Morgan Stanley, with a primary focus on market infrastructure and post-trade strategy.

Patel began his career at HM Treasury working on a range of domestic and international policy areas and served as a Private Secretary to both the Financial Secretary to the Treasury and Economic Secretary to the Treasury.

Natan Tiefenbrun, President, Cboe Europe, said, “We are delighted to have Vikesh lead Cboe Clear Europe. He has a long and impressive track record in the securities post-trade industry, both in Europe and globally. We are excited to be able to leverage his expertise to support Cboe Clear Europe’s strategic growth and further enhance its position as the leading pan-European clearing house.”

Vikesh Patel added, “I am honoured to be appointed as the next President of Cboe Clear Europe. Having been a client, partner, and competitor of Cboe Clear Europe for many years, I am well aware of the company’s strong reputation, in particular for its outstanding levels of client service, innovation, and risk management expertise. The company is at an exciting time in its development, and I am looking forward to leading it into its next phase of growth.”

Cboe Clear Europe operates as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.