LCH Promotes Daniel Maguire to Group COO

LCH, a group of leading multi-asset clearinghouses and provider of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term capabilities across a range of asset classes, has appointed Daniel Maguire as its newest Group Chief Operating Officer (COO) with immediate effect.

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Mr. Maguire presently serves as LCH’s Global Head of Rates & FX Derivatives – he will be retaining his role in addition to the new responsibilities garnered from his COO appointment. As LCH’s COO, Mr. Maguire will be responsible for helping drive the group’s growth, whilst maintaining customer relationship innovation initiatives.

In addition, he will also be tasked with the development of an integrated global product strategy and its Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. Mr. Maguire originally joined LCH back in 2003, holding such roles as Head of SwapClear US and Global Head of SwapClear US, among others. Prior to LCH, he worked at JPMorgan as its Senior VP of Commodity Exotics. He originally began his career at LCH.Clearnet back in 1999, according to information made public on his Linkedin profile.

According to Suneel Bakhshi, CEO of LCH Group, in a statement on the promotion: "I am delighted to announce Daniel’s appointment as LCH Group’s new Chief Operating Officer. Over the past few years, Daniel has been instrumental in driving growth in our OTC clearing services, SwapClear and ForexClear as well as innovative new products such as compression services and SwapAgent.”

“Daniel is well placed to expand on this success in his new role working in partnership with LCH’s senior management team and our members to grow our global business,” he added.