ABN AMRO Clearing announces the appointment of John M. Ruth as Chief Executive Officer of its Chicago office with immediate effect.
Mr Ruth joins from Goldman Sachs & Co, where he was a Managing Director and Branch Manager of Goldman Sachs Execution & Clearing in Chicago. Previously he was a Vice President at First Options of Chicago and before that a Partner at Century Group Holdings, where he helped launch and build their introducing broker business. Mr Ruth began his career as a floor trader at the Chicago Board of Trade. He is an undergraduate of Indiana University and has an MBA from the Kellstadt School of Business at DePaul University. He holds the FINRA and NFA series 3, 4, 7,10, 24, 55, and 63 licenses.
Commenting on his appointment, Mr Ruth said: "I am very excited to be joining ABN AMRO Clearing and to further developing our offering. We are already one of the leading global clearers and the bank is focused on growing the business. I hope to be an integral part of this effort and look forward to working with our dedicated teams in Chicago and around the world, to provide our customers with the best products and services available."
Marcel Jongmans, Global CEO of ABN AMRO Clearing based in Amsterdam, said: "John’s strong skills, experience and leadership in the US broker dealer space will take the firm to the next level in a changing and challenging regulatory world."
Part of ABN AMRO Bank N.V., ABN AMRO Clearing offers an integrated approach to global transaction processing, financial logistics and risk management. It is one of the world’s leading providers of independent third-party clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX. With 12 offices globally employing over 800 staff, ABN AMRO Clearing services 85+ exchanges and consistently ranks among the top 3 clearers in most time zones.
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