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MICHAEL
K. DUNDON JOINS THE CLEARING CORPORATION
AS VICE PRESIDENT, RISK MANAGEMENT
Chicago,
August 3, 2005
The
Clearing Corporation announces that Michael K. Dundon has
joined the firm as Vice President, Risk Management. Mr. Dundon
has over 15 years experience in the financial services industry,
including 9 years in risk management. He joins The Clearing
Corporation's senior management team where he is responsible
for risk management with emphasis on implementing risk policies
and practices in conjunction with new product development
and services to emerging markets. He reports to Mr. Brett
Paulson, President and Chief Operating Officer.
"Michael
brings a wealth of risk experience to The Clearing Corporation.
He has extensive knowledge in the full compliment of exchange
traded and OTC products including credit derivatives and FX.
He has a distinguished record as a risk management professional,"
said Mr. Paulson. "His broad experience will be an asset
to The Clearing Corporation as we continue to bring our services
into new markets."
Before
joining The Clearing Corporation, Mr. Dundon 42, served as
Business Risk Consultant with Man Group PLC where he was a
member of its North American team. Dundon also served as First
Vice President and Internal Risk Manager at Calyon Financial
(formerly Carr Futures, Inc.) where he directed the development
and implementation of risk policies, procedures and an effective
rating system to maintain acceptable credit risk levels. Prior
to that, he was Risk Information Manager at AIB Capital Markets
in Dublin, Ireland. He also held positions at Banque Indosuez.
Mr.
Dundon holds a Bachelor of Science Degree in Business and
French from Pennsylvania State University and a Masters of
Information Technology from Northwestern University.
About
The Clearing Corporation
The Clearing Corporation is a stockholder-owned, Delaware
corporation now in its 80th year of business. The Clearing
Corporation serves numerous clients in a variety of markets
and is the only active independent derivatives clearinghouse
in the world. Additional information on The Clearing Corporation
is available at www.clearingcorp.com.
Media contacts:
CCorp --Andrew
Yemma, Intermarket Communications+1-212-888-6115
x 225
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