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Cboe appoints president of Cboe Clear Europe

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Cboe Global Markets Inc, a provider of global market infrastructure and tradable products, has appointed Vikesh Patel as president of Cboe Clear Europe, its pan-European clearing house. 

Patel, who will join the company in early 2023, subject to regulatory approval, replaces Cécile Nagel, who stepped down from the role in September this year.

Patel has over fifteen 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. 

Patel has also served in global executive roles at Goldman Sachs and Morgan Stanley, with a primary focus on market infrastructure and post-trade strategy. He 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. 

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