LSEG has appointed former Taula Capital executive, Nick Rustad, as its new group head of LCH SwapClear and listed rates.
Rustad brings 25 years of financial markets experience to his new role, which will see him assuming the responsibility for driving the growth and performance of SwapClear and listed rates clearing services.
He will report to Susi de Verdelon, chief executive of LCH, who was appointed to the role in January 2025.
She said: “I am delighted to welcome Nick Rustad as group head of LCH SwapClear and listed rates. Nick’s experience will be incredibly valuable as we focus on delivering new products, as well as the growth and resilience of the services in the years to come.”
He joins LSEG from Taula Capital, where he served as deputy chief operating officer from January 2024 to January 2025.
Previously, he also worked at JP Morgan for more than 20 years, in positions such as global head of futures and derivatives clearing and head of EMEA emerging markets interest rates trading. His time at the firm also included a stint in Moscow as treasurer for JP Morgan Moscow from January 2008 to December 2009.
He was also a non-executive director for LCH from 2021 to 2022, as well as a member of the board of directors for the FIA from 2016 to 2022, serving as chairman for two years.