John Horkan has been named as COO of LCH, effective immediately.
Horkan, who will based in New York, will take up his new role alongside his current responsibilities as head of North America at LCH.
As COO, Horkan will work in partnership with the CEOs of LCH’s regulated CCPs to help develop and execute LCH’s integrated global strategy.
Prior to joining LCH in 2012, Horkan worked at Bank of America, first as COO of global markets sales and institutional sales, and then as managing director of its regulatory reform programme across markets, investment and corporate banking divisions.
Horkan has also worked at Merrill Lynch and J.P. Morgan.
The appointment comes just over a week after Daniel Maguire was promoted to CEO of LCH, following Suneel Bakhshi’s decision to step down.
Daniel Maguire, CEO of LCH Group said: “As LCH North America head, John Horkan has played a pivotal role in enhancing relationships with our expanding US-customer base.”
“In his new role, Horkan will oversee the execution of our strategy including driving operational efficiency programmes as we continue to grow LCH’s global business.”
