ClearToken, the digital financial market infrastructure (FMI) provider, today announces that it has appointed Fernando Cerezetti as Chief Risk Officer of its subsidiary, ClearToken CCP Limited.
ClearToken CCP Limited is currently progressing its application process with the Bank of England to become an authorised Central Counterparty (CCP).
In his role as Chief Risk Officer of ClearToken CCP Limited, Fernando will be responsible for leading the development and oversight of the CCP’s risk management framework. Reporting to the ClearToken CCP Limited Board and working closely with senior leadership across the Group, Fernando will play a central role in ensuring that ClearToken CCP’s risk infrastructure meets the rigorous standards expected of an authorised Central Counterparty under UK EMIR and the Bank of England’s supervisory framework.
With over two decades of specialist experience, Fernando most recently served for more than five years as Head of Model Risk Management, Data and Governance for ICE Clear Europe, part of Intercontinental Exchange (ICE). Prior to joining ICE, Fernando spent three years as a Risk Advisor in the Bank of England’s Risk, Research & CCP Policy Division. Earlier in his career he was working as a Quant Associate Director for B3, the emerging market exchange formerly known as BM&FBOVESPA.
Alongside those roles, Fernando also spent over seven years as Chair of the Risk Committee of the European Association of CCP Clearing Houses (EACH) and as a member of the Consultative Working Group for the ESMA CCP Policy Committee.
He holds a PhD in Statistics, with a focus on Bayesian Statistics, and is a PhD candidate in Financial Economics at King’s College London.
This appointment follows the recent announcement that ClearToken intends to launch three Daml-based platforms: ‘CT Settle’, ‘CT Pay’ and ‘CT Register’, on the Canton Network to enable regulated tokenisation, payments, and settlement. These platforms will provide the first FMI-calibre infrastructure for stablecoin FX and tokenised cash flows, allowing firms to achieve atomic settlement finality across fiat, stablecoins, and cryptoassets within a single regulated environment.
The news also builds on the recent appointments of Mark Williamson as Chief Commercial Officer, and Chris Smith as Chief Operating Officer.
Benjamin Santos-Stephens, CEO of ClearToken, said: “It is a pleasure to welcome someone of Fernando’s experience and knowledge to ClearToken, to add even further to the team of all-stars we are building here. To attract people of Fernando’s calibre to the company is a great endorsement of our vision to deliver a future-proofed, regulated financial market infrastructure that can deliver on the promises of digital assets and tokenisation, and pave the way for large scale institutional adoption.”
Fernando Cerezetti, Chief Risk Officer of ClearToken CCP, said: “ClearToken is a company that is reshaping core post-trade services for digital assets, and I’m delighted to join them at such an important and exciting time. While the company possesses the agility of a high-growth innovator, its unwavering commitment to rigorous risk management and financial stability uniquely positions it to shape the future of capital markets. I look forward to helping the company achieve its longer-term goals as we aim at uniting the digital assets and traditional finance worlds, once and for all.”
