LCH onboards Semaan as Global Head of RepoClear
04 November 2024 UK
Image: Michel_Semaan/LinkedIn
LCH has hired Michel Semaan as the new global head of RepoClear.
Semaan will lead RepoClear in the next phase of growth across Europe and the UK, focusing on the expansion of its clearing membership and the development of the Sponsored and Guaranteed Sponsored Clearing models.
He will report to Corentine Isabelle Girolami, CEO of LCH, and Poilvet-Clédière, CEO of LCH SA, joining their respective leadership teams.
Semaan brings more than 25 years of experience in repo markets, as well as expertise in trading and global financial markets, in the areas of secured and unsecured funding, to his new role.
He joins from BBVA where he served as global head of securities financing for almost three years.
Prior to that, he was a part-time consultant to financial services-related fintech firms at TransFICC.
Between 2016 and 2020, he worked for Crédit Agricole, most recently as global head of secured funding and G10 non-euro rates trading.
He also spent 16 years with Nomura, most recently as global head of credit and emerging market repo trading.
Daniel Maguire, group head of the London Stock Exchange Group’s (LSEG’s) Markets division and CEO of LCH Group, says: “Access to cleared repo has proven critical over the last few years, with an increasing number of market participants looking to RepoClear to optimise their resource efficiency, improve their risk management practices, and reduce their costs.
“Michel’s experience will be invaluable as we look to focus on delivering new services across RepoClear and diversifying our membership over the years to come.”
At LCH Ltd, RepoClear is a UK-registered cash bond and repo trade clearing service, where members can clear UK government bond cash and repo transactions, while RepoClear at LCH SA is a France-registered cash bond, repo trade, and €GCPlus triparty basket repo clearing service.
Semaan will lead RepoClear in the next phase of growth across Europe and the UK, focusing on the expansion of its clearing membership and the development of the Sponsored and Guaranteed Sponsored Clearing models.
He will report to Corentine Isabelle Girolami, CEO of LCH, and Poilvet-Clédière, CEO of LCH SA, joining their respective leadership teams.
Semaan brings more than 25 years of experience in repo markets, as well as expertise in trading and global financial markets, in the areas of secured and unsecured funding, to his new role.
He joins from BBVA where he served as global head of securities financing for almost three years.
Prior to that, he was a part-time consultant to financial services-related fintech firms at TransFICC.
Between 2016 and 2020, he worked for Crédit Agricole, most recently as global head of secured funding and G10 non-euro rates trading.
He also spent 16 years with Nomura, most recently as global head of credit and emerging market repo trading.
Daniel Maguire, group head of the London Stock Exchange Group’s (LSEG’s) Markets division and CEO of LCH Group, says: “Access to cleared repo has proven critical over the last few years, with an increasing number of market participants looking to RepoClear to optimise their resource efficiency, improve their risk management practices, and reduce their costs.
“Michel’s experience will be invaluable as we look to focus on delivering new services across RepoClear and diversifying our membership over the years to come.”
At LCH Ltd, RepoClear is a UK-registered cash bond and repo trade clearing service, where members can clear UK government bond cash and repo transactions, while RepoClear at LCH SA is a France-registered cash bond, repo trade, and €GCPlus triparty basket repo clearing service.
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