11 April 2017
London
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.”

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