Hugh is an expert on market infrastructure, financial centre development and strategies for CSDs and CCPs. Much of his recent work has been in Africa and the Middle East and clients have included exchanges, regulators and development agencies. He was one of the authors of the 10-year Capital Markets Master Plan prepared by Kenya’s Capital Markets Authority.
He has co-authored three reports published by the City of London: The Future of Clearing and Settlement in Europe (2005); The Post-trade Infrastructure for Carbon Emissions Trading (2010); and From Local to Global: Building a Modern Financial Centre (2013).
Hugh has seen financial market infrastructure from all angles, as executive, non-executive director and consultant. Until 2004, he was Chief Executive of CREST, the United Kingdom’s electronic securities settlement system, and an Executive Director of Euroclear. He subsequently advised the European Central Bank on development of the T2S securities settlement infrastructure. He is currently an independent non-executive director of CME Clearing Europe.
Before joining CREST, Hugh worked at the Bank of England and the International Monetary Fund on topics including international co-operation in banking supervision and developments in international capital markets.
He has an MA from Oxford University and an MBA from the City University Business School. He is a Member of the Chartered Institute for Securities and Investment (CISI).