LCH.Clearnet Group has announced that Daniel Maguire has been appointed Global Head of SwapClear, LCH.Clearnet's interest rate swap clearing business. Daniel replaces Michael Davie, who will focus on his role as CEO of LCH.Clearnet. Daniel Maguire will report to Michael Davie and join LCH.Clearnet Group's Executive Committee.
Daniel Maguire was formerly the Head of SwapClear in the United States and Global Head of Product and Marketing, where he spearheaded SwapClear's development into client clearing.
Suneel Bakhshi, CEO of LCH.Clearnet Group, said: "We are delighted that Daniel Maguire is assuming the role of Global Head of SwapClear. He brings a wealth of experience to the role, having played an integral part in building SwapClear's US business over the past two years. Under his leadership, SwapClear will continue to build on its reputation of closely partnering with members and clients to deliver world-class service and solutions."
"I would also like to take this opportunity to thank Michael Davie for his exceptional leadership over the past three years. He led SwapClear through a period of significant growth in a rapidly evolving competitive and regulatory landscape. As CEO of LCH.Clearnet Ltd., Michael is playing a key role in developing and executing the Group's strategy as we position ourselves to provide even more effective solutions to our clients worldwide."