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Screenshot of a breaking news alert e-mail from Q2 2017
LCH was without a CEO since LSE’s takeover of the multi-asset clearing house back in May.
Multi-national clearing house LCH.Clearnet has announced that Suneel Bakhshi has been appointed as its new CEO. Whilst the final confirmation is pending a regulatory approval the new chief executive officer is expected to join the company in early 2014.
This news helps finalize the restructuring that has been going on in the company after the LSE Group (LON:LSE) purchased a majority stake in LCH.Clearnet back in May.
Mr. Bakhshi has shared his excitement to be joining the company at this important time for it. LCH.Clearnet has recently extended its agreement with Euronext to clear its continental listed derivatives until December 2018. As regulators are pushing for more derivatives transactions to be handled through clearing houses the importance of such companies is growing worldwide.
LCH.Clearnet provides extensive risk management solutions for world market players and brokerages. Former CEO Ian Axe stepped down in July of this year after the takeover bid for a majority stake for the company by the London Stock Exchange Group (LON:LSE).
To see the complete LCH.Clearnet press release click here.