LCH has promoted its global head of rates and FX derivatives, Daniel Maguire, to chief operating officer.
Maguire will assume the role in addition to his current responsibilities and will be tasked with new business growth, LCH said.
He will also develop the integration of the clearing firm’s product strategy and execution, working with the executive team of its regulated CCPs.
Maguire first joined LCH in 1999, before departing for a role at JP Morgan. He returned to LCH in 2008 at head of SwapClear US and was promoted to global head of rates and FX derivatives in 2016.
Suneel Bakhshi, CEO of LCH Group, explained Maguire has been key to developing its ITC clearing services, SwapClear and ForexClear products.
“[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,” he said.
Speaking to The TRADE in August last year, Maguire outlined LCH’s central clearing strategies. For the full interview, please click here.