LCH.Clearnet Names Head Of SwapClear U.S.

Independent clearinghouseLCH.Clearnet Grouphas namedDaniel Maguireas the head of the firm’s global clearing service for over-the-counter (OTC) interest rate swaps (IRS)SwapClear U.S.The role is newly created.

Previously, Maguire occupied the post of SwapClear’s executive director of OTC derivatives, risk and operations. He has also served at financial services firmJ.P. Morganas a vice president and manager of global commodity exotics and hybrids trade support. When he first started working at LCH.Clearnet in 1999 he was in charge of the implementation and later the extension, of the end-to-end SwapClear service.

Click here for the release fromPR Newswire.