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April 01, 2015 6:03 PM ET

Capital Markets

Company Overview of LCH. Clearnet Group Ltd.

Company Overview

LCH.Clearnet Group Limited provides counterparty clearing services and related services to its clearing members and their clients. The company offers its services in respect of a range of cash and derivative products traded on or through various exchanges and trading platforms in the United Kingdom, Europe, Asia, and the United States, as well as those traded in the OTC markets. It also operates as a clearing house for regulated markets in France, the Netherlands, Belgium, Portugal, the United Kingdom, and Italy in respect of equities and bonds, interest rate and commodity futures and options, equity and index futures and options, OTC bonds and repurchase agreements, and credit default swaps...

Aldgate House

33 Aldgate High Street

London,  EC3N 1EA

United Kingdom

Founded in 2003

740 Employees

Phone:

44 20 7426 7000

Key Executives for LCH. Clearnet Group Ltd.

Chief Executive Officer and Executive Director
Group Chief Operating Officer
Managing Director of Corporate Strategy and Chief Executive Officer of Repo & Exchanges
Chief Executive Officer of Lch Clearnet S A
Chief Executive Officer of Forexclear
Compensation as of Fiscal Year 2014.

LCH. Clearnet Group Ltd. Key Developments

LCH.Clearnet Appoints Frank Soussan as Global Head of CDSClear

LCH.Clearnet announced that Frank Soussan has been appointed as global head of CDSClear at the clearing house. He joined LCH.Clearnet in November 2014 as head of in-business risk for CDSClear. Soussan has also previously held positions at Societe Generale, JP Morgan, and Renshaw Bay.

LCH. Clearnet Group Ltd. Reports Audited Consolidated Financial Results for the Year Ended December 31, 2014

LCH. Clearnet Group Ltd. reported audited consolidated financial results for the year ended December 31, 2014. For the period, the company reported revenue of EUR 368.8 million against EUR 306.9 million a year ago. Net interest income was EUR 75.1 million against EUR 85.1 million a year ago. Net income was EUR 479.0 million against EUR 379.9 million a year ago. Operating profit was EUR 84.0 million against EUR 64.5 million a year ago. Profit before taxation was EUR 72.7 million against EUR 54.7 million a year ago. Profit was EUR 53.6 million against EUR 44.1 million a year ago.

Jonathan Eliot Joins Boards of LCH.Clearnet Group, LCH.Clearnet SA and LCH.Clearnet LLC, Effective Mach 5, 2015

Jonathan Eliot, currently a Non-Executive Director of LCH.Clearnet Ltd, joined the Boards of LCH.Clearnet Group, LCH.Clearnet SA and LCH.Clearnet LLC. Jonathan will chair the Risk Committees across the business. Jonathan is currently Chief Risk Officer at Man Group, and has had a 27-year City career with companies including JP Morgan, Deutsche Bank and Barclays. The effective is on 5 March 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 18, 2015
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