Leadership

Daniel Maguire - Chief Executive Officer, LCH Group and Group Head, Post Trade, London Stock Exchange Group

Daniel became Group Head, Post Trade, London Stock Exchange Group on 1 January 2020. He has been Chief Executive Officer of LCH Group since October 2017.

Daniel joined LCH in 1999, and during his 18-year career at LCH and LSEG has held a variety of senior roles, most recently as LCH Group COO. He has had involvement in, and responsibility for, risk management, default management, product management, regulatory strategy, programme delivery sales, marketing and operations across LCH’s SwapClear service, chairing SwapClear Default Management Group and taking part in LCH Risk Committee. In 2014, after returning from four years in the US, where he started and built out LCH’s North America operations and led SwapClear’s client clearing franchise, Daniel took on the role of Global Head of SwapClear and subsequently took responsibility for LCH’s ForexClear and Listed Rates services and the initiation of LCH’s SwapAgent service. Daniel worked at J.P. Morgan from 2005 to 2008 before returning to LCH on 1 September 2008 where he was immediately responsible for the successful trading and unwinding of Lehman Brothers’ LCH-cleared bond and repo portfolio.

In these functions, Daniel has made significant contributions to the development of CCP and derivatives regulatory frameworks across the globe. Daniel was appointed to the Board of the International Swaps and Derivatives Association in April 2018, and is also a member of London Stock Exchange Group’s Executive Committee. Daniel was appointed as a director of CurveGlobal Limited in May 2020.

Isabelle Girolami - Chief Executive Officer, LCH Limited

Isabelle Girolami joined LCH in November 2019 from Crédit Agricole, where she was most recently Deputy CEO for the Corporate and Investment Banking business, responsible for financial markets across fixed income and equities. Isabelle joined Credit Agricole in 2015 as Global Head of Financial Markets.

Prior to Crédit Agricole, she spent seven years at Standard Chartered Bank both in London and Singapore, latterly serving as Co-Head of the Wholesale Bank ASEAN and Head of Financial Markets ASEAN. Earlier in her career, she held senior positions at Bear Stearns and BNP Paribas.

Isabelle is currently Vice Chair of the Association for Financial Markets in Europe and a Board Member of Global Financial Markets Association.

Isabelle holds a Masters degree from the HEC School of Management in Paris.  

 

Christophe Hémon - Chief Executive Officer, LCH SA

Christophe is CEO of LCH SA, LCH's French operating CCP.

Christophe graduated from French Business Schools.

Christophe started his career at JP Morgan where he held various positions in the Operations business of investment banking.

In 1993, Christophe joined Morgan Stanley, becoming Head of Operations in Paris, then Head of Operations for continental offices - Paris, Frankfurt, Zurich, Milan and Madrid. He was responsible for all business streams including equities, fixed income, derivatives, commodities and participated in major EU and market place projects.

In 2003, Christophe joined SA, former LCH SA, as General Secretary responsible for Risk, Finance, Legal and Membership issues and Treasury. He became Chief Executive Officer in November 2004.

Christophe serves on the Board of Directors of the Association Française des Professionnels des Titres (AFTI).

Bruce Kenworthy - CFO, LCH Group and Ltd

Bruce joined LCH in August 2013 and worked on the integration with LSEG as well as having responsibility across the LCH cost base. In 2015 he was appointed Head of Finance LSEG Technology and Corporate providing commercial support across the divisions, that included the divestment of non-core businesses and a significant role in the proposed merger with Deutsche Borse. In June 2018 Bruce returned to LCH as Finance Director prior to being appointed as LCH Group and LCH Ltd CFO in March 2019.  Previously he worked at Lloyds Banking Group and Accenture. He is a qualified accountant (ACCA) and has a BSc (Hons) in Applied Accounting.

John Horkan - Group COO and Head of North America

John is the COO of LCH Group, and Head of North America. In these roles, he works in partnership with LCH’s regulated CCPs to execute the group’s integrated global strategy.

Prior to joining LCH as an Executive Director of SwapClear US in 2012, John spent 19 years at Bank of America Merrill Lynch and J.P. Morgan, where he spearheaded efforts on global regulatory reform, business strategy, client management, and technology.

John holds a Bachelor of Science degree in political science and economics from Hamilton College in Clinton, New York.

Diane Bouwmeester - General Counsel, Post-Trade and Capital Markets

Diane is General Counsel, Post-Trade and Capital Markets. In this role, Diane is responsible for managing all legal and regulatory compliance matters affecting the Group and its subsidiaries.

Diane joined LCH from Freshfields Bruckhaus Deringer LLP, where she was a Senior Associate in the financial services regulatory practice. Prior to that role, she was a partner at a leading South African law firm. 

She holds a B.A and LLB from The University of The Witwatersrand in South Africa and an LLM with honours from the London School of Economics and Political Science.

Patricia Cuddy - Group Head of People, Post Trade and Capital Markets

Patricia is the Group Head of People for Post Trade and Capital Markets.  In this role Patricia is responsible for leading the People Strategy and managing the all talent matters effecting the group and its subsidiaries.  She is a member of the Post Trade Executive Committee and a member of the People Leadership Team for the London Stock Exchange Group. Patricia brings more than 20 years of talent management and merger and acquisition expertise in financial services, technology, and data analytics.  

Prior to joining the London Stock Exchange Group, she worked at NYSE/ICE as Managing Director of Human Resources for Capital Markets and Trading Floor Operations.  Patricia has held board positions to include roles on compensation, retirement, and diversity committees.  Patricia holds a master’s degree in Human Resources Management from New York University and an undergraduate degree from Rutgers University.

 

Kate Birchall - Managing Director, Global Head of Sales

Kate Birchall is Managing Director, Global Head of Sales, at LCH Ltd and LCH SA, responsible for driving global sales efforts, as well as developing and managing relationships with key stakeholders. 

Before her appointment as Head of APAC at LCH Ltd in October 2018, Kate was Head of Portfolio Optimisation and Collateral at National Australia Bank. With two decades of financial markets experience, primarily in capital and collateral management, Kate has also held senior roles in structuring, portfolio management and credit research, in both Australia and London.

Kate holds an Executive MBA from the London Business School and a BA in Mathematics from the University of Queensland.

Frank Soussan - Global Head of CDSClear and Head of SA EquityClear & CommodityClear

Frank Soussan began his financial career as a credit correlation trader at Société Générale in New York.

From there he moved to the Credit Exotics trading desk at JP Morgan in London where he spent six years managing their Exotics and Structured Trading group.

At the end of 2012, Frank moved to the buy-side, with Renshaw Bay to be a Senior Portfolio Manager for the Credit Special Opportunities Fund.

He joined LCH Group in November 2014.

Frank graduated from the Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE) in Paris with a MSc in Statistics and Econometrics.

He also holds a MSc in Mathematics in Finance from the Courant Institute at New York University (NYU).

Bruce Kellaway - Global Head of Securities and Collateral

Bruce Kellaway is Global Head of Securities and Collateral at LCH, covering RepoClear, EquityClear in London, SwapAgent, and the Collateral and Liquidity Management business, which manages cash and non-cash collateral. Bruce is focused on helping members and clients by delivering innovation in products, processes and data. 

Prior to joining LCH in September 2014, Bruce spent 20 years at Lloyds Banking Group, where he held roles as Interim Head of Trading and MD of Swaps, before being appointed Managing Director of Rates Trading. During his time at the bank, Bruce was instrumental in building a successful and focused rates trading function, and creating a leading GEMM (Gilt-Edged Market Maker) from scratch.

Bruce studied Economics at the University of Durham.

Susi de Verdelon – Head of SwapClear and Listed Rates

Susi de Verdelon is Head of SwapClear and Listed Rates at LCH, responsible for driving performance and growth, and ensuring the continued resilience of the SwapClear and Listed Rates business. Susi’s focus on innovation includes capital optimisation through LCH's compression services, delivering the next phases of LCH's portfolio margining services and exploring further opportunities in the cleared OTC interest rates market.

Prior to joining LCH in 2017, Susi was a Managing Director in the Securities Division at Goldman Sachs, where she led the European front office team in charge of cross-asset regulatory change for the trading floor. Susi holds an MA in economics and management from Oxford University.

James Pearson - Head of ForexClear

James Pearson is Head of ForexClear, responsible for LCH’s FX derivatives clearing service globally. With over 20 years’ experience in FX, James joined LCH in 2021 to drive continued growth and innovation at ForexClear, including the expansion of the deliverable FX and client clearing franchises.
 
Before his appointment at LCH, James was Global Head of FX Trading at RBS, where he oversaw the trading risk, daily management, and strategic direction of the business across spot, NDFs, forwards, options and electronic trading.

Prior to RBS, James held positions as Global Head of G10 FX Spot Trading and EMEA Head of Emerging Markets FX at Nomura and Lehman Brothers. He also worked on the FX spot and NDF trading desks at Citi and HSBC, and he has served on a number of FX industry advisory boards.  
 
James graduated from Oxford University with an MA in Philosophy, Politics and Economics.