LCH.Clearnet appoints Head of US Repo Clearing
LCH.Clearnet Group today announces that it has appointed John Vinci as Head of its Repo Clearing Business, North America. John will join LCH.Clearnet on 13 July and will be responsible for establishing LCH.Clearnet’s RepoClear service in the US. John will report jointly in to David Weisbrod, CEO, LCH.Clearnet LLC and Bruce Kellaway, Global Head of Fixed Income, LCH.Clearnet Group.
John has extensive experience in operations, product design, business and risk management. He joins LCH.Clearnet from BNY Mellon, where he was Managing Director and a member of the Bank’s Operating Committee. In this role, he was responsible for product management and strategy within the Broker Dealer Services Division. John has also held positions at J.P. Morgan Chase and Bankers Trust Company.
David Weisbrod, CEO, LCH.Clearnet LLC said: “LCH.Clearnet Group is already a market leader in repo clearing and this new appointment will support the business's growth ambitions in North America, working with our clients and members to deliver greater efficiencies in the US fixed income markets.”
John Vinci added: “I am delighted to be joining one of the world’s most important and respected clearing houses. LCH.Clearnet is a global force in repo clearing and end user client clearing, and I am looking forward to developing our US offering.”
About John Vinci
- Bank of New York Mellon
- Managing Director, Broker Dealer Services Division (2002 – 2015)
- Assistant Division Head, Securities Industry Banking Division (1997 – 2002)
- Cash Management Sales Division (1996 - 1997)
- J.P. Morgan Chase Bank - Assistant Vice President and Relationship Manager (1994 – 1996)
- Bankers Trust Company
- Assistant Treasurer - Securities Servicing Unit (1993 – 1994)
- First Line Manager - Brokers Loan & Customized Brokerage Services (1989 – 1992)
University of Scranton, Scranton, PA, B.S. Economics and Finance
For further information:
Rhiannon Davies, Tel: +44 (0)20 7426 7523
LCH on social media
The LCH.Clearnet Group is a leading multi-asset class and multi-national clearing house, serving major exchanges and trading platforms as well as a range of OTC markets.
LCH.Clearnet’s world-class risk management framework provides exceptional levels of protection to international markets, as has been proven through the management of past defaults. As demand for robust clearing services continues to grow, LCH.Clearnet is committed to achieving the highest standards of risk management across all asset classes cleared.
LCH.Clearnet Group is majority owned by London Stock Exchange Group (LSE.L), a diversified international exchange group that sits at the heart of the world's financial community.