May 29, 2017 7:44 AM ET

Consumer Finance

Company Overview of LCH. Clearnet Group Ltd.

Company Overview

LCH.Clearnet Group Limited provides services to mitigate counterparty risk across various asset classes for its clearing members and their clients. The company offers its central counterparties clearing 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 over-the–counter (OTC) markets. It also acts as a clearing house for regulated markets in France, the Netherlands, Belgium, and Portugal, as well as for fixed income products and credit default swaps (CDS) traded either on regulated markets or trading platforms located in France, t...

Aldgate House

33 Aldgate High Street

London,  EC3N 1EA

United Kingdom

Founded in 2003

936 Employees

Phone:

44 20 7426 7000

Key Executives for LCH. Clearnet Group Ltd.

Group Chief Executive Officer and Executive Director
Chief Operating Officer and Global Head of Rates & Fx Derivatives
Chief Executive Officer of LCH Clearnet SA
Chief Risk Officer
MD and Head of EMEA Global Rates & Currencies at Bank of America Merrill Lynch In London
Compensation as of Fiscal Year 2016.

LCH. Clearnet Group Ltd. Key Developments

LCH. Clearnet Group Ltd. Names Daniel Maguire as Group COO

LCH.Clearnet Group Ltd. named Daniel Maguire group COO, effective immediately. Maguire assumes the role in addition to his current post as global head of rates and foreign exchange derivatives. Maguire's responsibilities will include the development and execution of integrated global product strategy, working in partnership with the CEOs of LCH. Clearnet's regulated central counterparty clearing houses, the group chief risk officer and other relevant function heads.

LCH.Clearnet Group Limited Provides Notice of its Intention to Redeem and Cancel All of its Outstanding EUR 200,000,000 Fixed Rate/Floating Rate Subordinated Cumulative Perpetual Notes

LCH.Clearnet Group Limited provided notice of its intention to redeem and cancel all of its outstanding EUR 200,000,000 Fixed Rate/Floating Rate Subordinated Cumulative Perpetual Notes (the Subordinated Notes). The Subordinated Notes will be redeemed on 18 May 2017 (the Redemption Date). The Issuer will exercise its early right of redemption in accordance with Condition 4(b) (Redemption and Purchase) of the Subordinated Notes. Prior written notice has been given to, and consent received from, the Regulator for the proposed redemption. The Redemption Price payable will be equal to EUR 50,000 per EUR 50,000 principal amount, plus accrued and unpaid interest on the principal amount of the Subordinated Notes to be redeemed on the Redemption Date, which is equal to EUR 3,288 per EUR 50,000 principal amount. The Issuer will submit a formal delisting request to The International Stock Exchange (formerly known as the Channel Islands Securities Exchange) (the TISE) requesting the cancellation of the listing of the Subordinated Notes. This will take effect on or around 18 May 2017.

LCH Group Appoints Daniel Maguire as COO

LCH Group has announced the appointment of Daniel Maguire as COO. He assumes this role in addition to his current responsibilities as Global Head of Rates & FX Derivatives. As COO, Daniel will be responsible for achieving new business growth, maintaining existing customer relationships and driving innovation and efficiency across the Group, while ensuring LCH's risk and resilience is fully safeguarded. Building on his strong track record of innovation, delivery and control in his current role, Daniel will also be responsible for the development of an integrated global product strategy and its execution, working in partnership with the CEOs of regulated CCPs, the Group Chief Risk Officer and other relevant function heads.

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