LCH.Clearnet Group Ltd to announce two senior executive appointments

• Daniel Maguire appointed Global Head of Rates & FX Derivatives
• Paddy Boyle joins as Head of FX Product

LONDON, 29-Apr-2016 — /EuropaWire/ — LCH, the global clearing house, is pleased to announce two senior executive appointments. Effective 1 May 2016, Daniel Maguire will assume the role of Global Head of Rates & FX Derivatives. In his expanded role, Mr Maguire will be responsible for the global product and business development of Listed and OTC Rates and FX Derivatives through the Group’s SwapClear and ForexClear services.

Paddy Boyle has been appointed as Head of FX Product. Mr Boyle is a senior industry professional having been Global Head of G10 FX Options at Goldman Sachs.  Furthermore Mr Boyle was a member of the Bank of England Joint Standing Committee on FX and also a Board member of the Global FX Division of the Global Financial Markets Association. More recently he has been a Consulting Partner at Turing Experts Limited involved in providing expert witness analysis for regulatory and non-regulatory investigations and litigation in FX. Mr Boyle will work closely with Edward Hughes, COO of ForexClear and report into Daniel Maguire.

Suneel Bakhshi, Group CEO, LCH said: “As we continue to harmonise and simplify the structure of our global clearing services, I am delighted to announce the strengthening of the management team for Rates and FX Derivatives. Daniel brings a strong track record of performance to his expanded role, having led the continued growth of SwapClear and Listed Rates as Global Head since 2014 and accelerating innovation and adoption of  our compression and inflation swap clearing services.

“I am also pleased to welcome Paddy Boyle to LCH where he will work closely with Daniel, Edward and the ForexClear team to enhance our position as a global leader in the clearing of OTC FX products.”

For further information

Rhiannon Davies, Tel: +44 (0)20 7426 7523
Lucie Holloway, Tel: +44 (0)20 7797 1126

About LCH
The LCH Group is a leading multi-asset class and multi-national clearing house, serving major exchanges and trading platforms as well as a range of OTC markets.

LCH’s world-class risk management framework provides exceptional levels of protection to international markets, as has been proven through the management of past defaults. As demand for robust clearing services continues to grow, LCH is committed to achieving the highest standards of risk management across all asset classes cleared.

LCH Group is majority owned by London Stock Exchange Group (LSE.L), a diversified international market infrastructure group that sits at the heart of the world’s financial community.