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LCH appoints Michael Davie as Global Head of Rates

First Published 12th June 2017

Michael Davie to lead SwapClear, Listed Rates and LCH SwapAgent business.

Michael Davie, LCH

Michael Davie, LCH

LCH has announced that Michael Davie has been appointed Global Head of Rates for LCH Group, effective immediately. Michael will report to Daniel Maguire, Group COO of LCH and Martin Pluves, CEO LCH Ltd.

Michael's appointment follows Daniel Maguire's recent appointment as Group COO in addition to his role as Global Head of Rates and FX Derivatives. Daniel will transition his role as Global Head of Rates to Michael, with Paddy Boyle continuing as Global Head of ForexClear.

In this role, Michael will lead the SwapClear and the Listed Rates business and oversee the launch and future extensions of LCH SwapAgent. He will continue to drive innovation, including capital optimisation through LCH's compression services, delivering the next phase of LCH's portfolio margining services and continue to explore other opportunities in the uncleared OTC market.

Michael re-joins LCH after more than 18 months as Head of Rates Services at LSEG, developing the Group's approach to rates products and overseeing the launch of CurveGlobal. Michael will remain as Chairman of CurveGlobal. Prior to this position, Michael spent five years at LCH in a variety of senior roles.