Clear Street ramps up in London with a dozen hires
24th January, 2025|Luke Jeffs
Clear Street, the US firm aiming to shake-up futures clearing, is ramping up in London, hiring a dozen brokers in the past two months after securing in October approval to open a UK entity.
New York-based Clear Street, approved on October 17 by the Financial Conduct Authority as first reported by FOW, has hired a dozen brokers since the middle of November, including three from Sigma Broking and six from TD Execution Services.
Clear Street UK hired in November Tracy Mills as an executive director with oversight of compliance and anti-money laundering. She joined from TD, having previously worked at Marex and Cantor Fitzgerald.
Mills was joined last month by Tarquin Orchard, Alastair Mankin, Calvin Lee, Charles Hawkesworth and Sebastian Greensmith, all of whom focused on event-driven strategies at TD.
Clear Street hired on November 27 metals brokers Paul Apps, Ashley Davies and Mark Constantinides from Sigma.
The group also hired Jamie Purnell from Nomura in November, Sean Conway from ZFX in December and Paul Mitchell from CMC Markets last week.
A spokeswoman for Clear Street said: “We are delighted to continue building our global business as we scale up operations in the UK. We’ve made some incredible hires under the leadership of Jacinda Fahey, our CEO of Clear Street UK and Europe, and expect the momentum to continue.”
Fahey, formerly the chief operating officer at Deutsche Bank’s equities prime broking arm, became chief executive in October, working with chairman Chris Pento and executive director Carlos Fernandez.
Ed Tilly, the former chief executive of Cboe Global Markets, became group chief executive of Clear Street last month, replacing Pento.
Clear Street launched its US futures clearing and execution service in late April just weeks after making available its US equities and options clearing services which the firm described at the time as “the first successful entry into the professional clearing market in close to a decade”.
