LCH Adds Two New Board Members, Including Graham Wright, Jason Sippel

LCH, a global Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term, has added Graham Wright as the newest member of the LCH Limited Board, who joins the group as an independent non-executive director, according to an LCH statement.

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Mr. Wright joins the board following a highly decorated career. He currently works as the Chief Information Security Officer and Global Head of Digital Risk for National Grid. He has a deep background in technology, operations and operational risk experience, and will help bring his expertise to LCH’s UK entity.

Moreover, LCH has also announced another move to its personnel board, adding Jason Sippel as a User Board Member on behalf of JPMorgan. Mr. Sippel presently serves as the Global Head of Prime Services at JPMorgan – both individuals will help work with LCH’s existing board constituency.

According to Lex Hoogduin, Group Chairman, LCH, in a recent statement on the board addition: “I am delighted to welcome Graham as an independent non-executive director to the LCH Limited Board. He brings exceptional knowledge of the technology and operations space and the Board will benefit greatly from his experience in this area.”