Maguire, who has spent 16 years at LCH, was made COO of the firm in April this year.
During his time at the company, Maguire has been involved in LCH’s SwapClear service, as well as running LCH’s North American operations for four years.
In addition, Maguire spent three years at J.P. Morgan as a senior vice president for commodity exotics and hybrids from 2005 to 2008, having started working for LCH in 1999.
Maguire will also become a member of London Stock Exchange Group’s (LSEG’s) executive committee, reporting to Xavier Rolet, LSEG CEO.
Lex Hoogduin, chairman of LCH Group, said: “I am delighted to announce that Daniel Maguire has been appointed as LCH Group’s new CEO.”
“He brings extensive experience to the role, having been part of the senior management team leading the growth of our global OTC clearing services, delivering innovative solutions in an environment of LCH’s focus on best in class risk management and operational resiliency.”
Bakhshi will take on the role of chairman for the LSEG International Advisory Group, helping to establish a series of regional advisory services in key growth markets.
Speaking on his departure, Bakshi said: “It is has been a privilege to lead LCH Group for the past four years. LCH is a successful, exciting and growing business and I am confident that the group’s strong growth momentum will continue in the future.”