Management Team

Cboe Clear Europe’s management team has many years of experience in European equities and derivatives clearing. The team is committed to Cboe Clear Europe's goal of being the most cost effective and reliable provider of clearing solutions.

Vikesh Patel

Vikesh Patel


Vikesh became President of Cboe Clear Europe and head of its Management Board in March 2023. He is focused on enhancing the company’s leading risk, control and operational frameworks, defining and executing the company strategy and deepening client relationships through the increased adoption and usage of Cboe Clear Europe’s products and services. Vikesh joined from SWIFT, where he was Global Head of Securities, a role in which he supported SWIFT’s overarching strategy of instant, frictionless transactions for capital markets and FX. In addition, Vikesh was a senior Diversity & Inclusion Sponsor within SWIFT, focusing on Race and Ethnicity. Prior to that, Vikesh was SWIFT’s Head of UK and Ireland and in 2021 expanded his responsibilities to include the Head of Americas. In this role he strengthened the cooperative’s key relationships and delivered commercial performance across its portfolio of products and services. Prior to SWIFT, Vikesh was Chief Operating Officer at LCH focusing on strategy, risk management and the development of new products for the EquityClear and RepoClear businesses. Vikesh 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.

Arnoud Siegmann

Arnoud Siegmann

Chief Operating Officer

Arnoud has more than 22 years’ experience in banking and financial markets and prior to becoming the COO in March 2021, was the CRO at Cboe Clear Europe since its inception in 2013, following the merger of European Central Counterparty Ltd and EMCF N.V. (EMCF). Prior to that, Arnoud was Head of Risk at Fortis Clearing Americas from 2001 to 2008, when he became the CRO of EMCF. Arnoud’s product experience includes commodities, fixed income/interest rate and equity (index) derivatives and cash products.

Edward Hughes (Ed Hughes)

Edward Hughes

Chief Technology Officer

Ed has over 25 years’ experience across financial markets, management consultancy, retail, mining, telco and engineering firms. Ed joined Cboe Clear Europe as the Equity Derivatives Project Lead in December 2019, and his responsibilities were expanded when in August 2020, Ed was appointed as the Cboe Clear Europe CTO. In March 2021, Ed became a member of the Management Board. Prior to joining Cboe Clear Europe, Ed spent 11 years at LCH Limited where he became the COO for the ForexClear service in 2014.

Jonathan Tran

Jonathan Tran

Chief Risk Officer

Jonathan became the CRO in March 2021 and has 25 years’ experience in banking, financial markets, and central counterparties. Prior to joining Cboe Clear Europe in 2018 as the Deputy CRO, Jonathan spent more than 11 years at LCH Limited where he held senior roles as Head of Risk for ForexClear and Head of Quantitative Risk. Jonathan’s product experience includes listed equities and derivatives, interest rate swaps and STIRS, bonds and repos, foreign exchange, commodities, and credit derivatives.

Tim Beckwith

Tim Beckwith

Head of Commercial Development

Tim joined Cboe Clear Europe in July 2019 and has extensive financial markets experience having worked for the past 10 years in senior client relationship and business development roles in major financial institutions including LSEG and Bank of America Merrill Lynch.

Tim joined Cboe Clear Europe from LCH Limited where he was a Director and Head of Sales and Relationship Management for equities. As Head of Commercial Development at Cboe Clear Europe, Tim leads a team of eight people with responsibility for sales, relationship management, client services, marketing, and product development. His focus is on advancing and growing client relationships, generating new business and looking for opportunities to create new products and services that address clients’ needs.

Joris Otten

Head of Legal & Compliance and Chief Compliance Officer (CCO)

Joris joined Cboe Clear Europe in April 2017. He leads the Legal & Compliance team and acts as Chief Compliance Officer (CCO). His responsibilities include management of legal and compliance matters, regulatory engagement and acting as corporate secretary.

Before joining Cboe Clear Europe, Joris worked for 10 years in the Financial Markets division of ING Bank where he advised on (OTC) derivatives transactions, corporate and security law, securities services and custody related matters. Prior to obtaining a law degree from the university of Rotterdam, with a specialisation in banking and securities laws, Joris obtained a bachelor’s degree in Marketing Management from the Arnhem Business School.