London
11 April 2017
Reporter: Stephanie Palmer

LCH appoints new group COO


Global clearing house LCH has appointed Daniel Maguire as group COO, effective immediately.

Maguire takes on the role in addition to his current responsibilities as global head of rates and foreign exchange derivatives, a role he has held since May 2016.

As COO, will be responsible for achieving new business growth, maintaining customer relationships and driving innovation and efficiency.

He is also charged with developing an integrated global product strategy, working alongside CEOs of the group’s various central counterparties, and with the group’s chief risk officer.

Maguire joined the LCH group in 2008, and has held positions including head of SwapClear in the US, and global head of SwapClear.

He also worked as a risk manager for OTC derivatives and fixed income at LCH.Clearnet between 1999 and 2005, before a three-year stint at J.P. Morgan Chase.

Suneel Bakhshi, CEO of LCH Group said: "I am delighted to announce Daniel Maguire’s appointment as LCH group’s new COO. Over the past few years, [he] has been instrumental in driving growth in our OTC clearing services, SwapClear and ForexClear as well as innovative new products such as compression services and SwapAgent.”

“Daniel Maguire is well placed to expand on this success in his new role working in partnership with LCH’s senior management team and our members to grow our global business.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Murex to run MX.3 platform on AWS cloud
13 December 2017 | Paris | Reporter: Becky Butcher
Murex has collaborated with Amazon Web Services to allow its clients to deploy, test and optimise its MX.3 platform on the cloud
Northern Trust appoints Edwin Chan
13 December 2017 | London | Reporter: Becky Butcher
Edwin Chan has joined Northern Trust to head up sales across the alternatives fund sector in Europe, the Middle East and Africa
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Oslo Connect receives regulatory upgrade
12 December 2017 | Stockholm | Reporter: Becky Butcher
Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II)
Italian custody win for BNP Paribas
12 December 2017 | Milan | Reporter: Jenna Lomax
BNP Paribas will provide Sara Assicurazioni with global custody services for €1.3 billion in Italian and foreign assets
Fundsquare and i-Hub bring KYC service to funds
12 December 2017 | Luxembourg | Reporter: Becky Butcher
Fundsquare and i-Hub have signed a commercial partnership for the introduction of i-Hub’s know-your-customer (KYC) platform to the funds industry
Zedra hires Lisa Tan
12 December 2017 | Singapore | Reporter: Becky Butcher
Zedra has appointed Lisa Tan as head of corporate services, based in the firm’s Singapore office
More news