Management reshuffle at LCH.Clearnet
25 September 2013 London
Image: Shutterstock
Jacques Aigrain, the current non-executive chairman at LCH.Clearnet, is to become interim executive chairman of LCH.Clearnet Group. Aigrain is also a non-executive director of London Stock Exchange Group and will remain in that position.
Additionally, Michael Davie, CEO of SwapClear, who has been with the business since 2010 will become the permanent CEO of LCH.Clearnet Limited, the UK clearing house, in addition to his role at SwapClear.
This follows July’s announcement that, following an orderly handover process, Ian Axe intended to step down as chief executive of LCH.Clearnet Group and LCH.Clearnet Limited. Axe will leave the company this week and these changes will take place immediately.
Aigrain said: “I am also pleased to report that we are making excellent progress in our search for a new LCH.Clearnet Group CEO and until we have an appointee in place, I will be taking on a full-time executive role, working with the LCH.Clearnet executive management team, focusing on the continued execution of our growth strategy.”
Additionally, Michael Davie, CEO of SwapClear, who has been with the business since 2010 will become the permanent CEO of LCH.Clearnet Limited, the UK clearing house, in addition to his role at SwapClear.
This follows July’s announcement that, following an orderly handover process, Ian Axe intended to step down as chief executive of LCH.Clearnet Group and LCH.Clearnet Limited. Axe will leave the company this week and these changes will take place immediately.
Aigrain said: “I am also pleased to report that we are making excellent progress in our search for a new LCH.Clearnet Group CEO and until we have an appointee in place, I will be taking on a full-time executive role, working with the LCH.Clearnet executive management team, focusing on the continued execution of our growth strategy.”
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