Clearing house LCH drafts in Credit Agricole executive as new CEO
Global clearing house LCH has drafted in a former top boss of Credit Agricole as its new chief executive.
Isabelle Girolami is set to take on the role of chief executive in November, taking over from Martin Pluves as he begins a new role as head of the Fixed Income, Currency and Commodities Markets Standards Board.
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Girolami, who recently served as deputy chief executive of France’s Crédit Agricole’s Corporate and Investment Banking Business, has held roles at BNP Paribas, Bear Stearns and Standard Chartered.
In her role, she will be responsible for driving continued expansion across LCH’s services, with a focus on continued growth, innovation and operational excellence, the clearing house said today.
London-based clearing houses including LCH won a major boost in February this year after Europe’s financial markets regulator gave derivatives clearing houses permission to carry on serving EU clients in the event of a no-deal Brexit.
Girolami will be reporting to chief executive of LCH Group Daniel Maguire, who said today: “As a proven leader, Isabelle brings extensive experience in managing high calibre global teams operating across a number of asset classes. She is well-known in the financial markets and has an outstanding track record in Europe, in addition to significant experience in Asia.”
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Isabelle Girolami added: “LCH has an impressive track record of partnering with the markets that it serves, in order to drive innovation and provide best-in-class risk management. Its open access approach and strong customer focus are unique, and I’m honoured to be asked to lead LCH for the next stage of its growth.”
LCH operates clearing houses around the world, with clearing houses incorporated in the UK, France and the United States with additional offices in the Asia Pacific region. It operates a number of market-leading clearing services across asset classes including interest rate derivatives, FX, equities and fixed income.