Alain Demarolle Appointed as Non-Executive Chairman of the Board of Directors of LCH.Clearnet S.A.
LCH.Clearnet Group (LCH.Clearnet) today announced that Alain Demarolle has been appointed to serve as non-executive Chairman of the Board Directors of LCH.Clearnet S.A., the Group's French-based entity, effective immediately. Patrick Combes announced in May 2014 that he would step down as Director and the Chairman of the Board Directors of LCH.Clearnet S.A.. Mr. Aigrain remains Chairman of LCH.Clearnet Group.
Jacques Aigrain, Chairman of LCH.Clearnet Group said: "I would like to thank Patrick Combes for his unwavering support and dedication to LCH.Clearnet. We are indebted to Patrick for navigating the firm through a period of significant regulatory change, including the successful authorisation of LCH.Clearnet S.A. as a CCP under EMIR. On behalf the Board of LCH.Clearnet Group and the LCH.Clearnet management team, I sincerely thank Patrick and wish him all the very best in his future endeavours."
He added, "We are delighted that Alain has agreed to take up this key position. He is an incredibly thoughtful and experienced industry leader. LCH.Clearnet S.A. will benefit greatly from his considerable experience working in government, corporate finance and capital markets as we strive to meet the challenges and opportunities in the years ahead."
Mr. Demarolle brings to LCH.Clearnet S.A. a deep understanding of the international financial markets and regulatory environment. In 2010, he founded Alura Capital Partners, an investment fund focusing on European equity opportunities. Prior to that role, he was the European Managing Director for Eton Park International for three years. He also served as the Economic and Financial Advisor to the Prime Minister of France, directly advising the French Government on all major corporate business including key M&A deals, banking and financial regulation, international cooperation and regulation of foreign investments from 2005 to 2007. Prior to this, Mr. Demarolle was a senior investment banker with Salomon Smith Barney and Bear Stearns in London and New York. He has served on the boards of France Investissement-FSI, the French strategic investment fund, and of the French Agency for International Investments (AFII).
Contact: Rachael Harper 00 44 (0) 207 426 7175
Alain Demarolle: Biography
2010 - present: Founder of Alura Capital Partners
2007 – 2010: European Managing Director for Eton Park International
2005 – 2007: Economic and Financial Advisor to the Prime Minister of France
1998 – 2005: Senior Investment Banker - Salomon Smith Barney and Bear Stearns
1991 – 1998: The French Ministry of Finance and Director at the French Treasury
Served on the boards of the Grand Palais Museum, France Investissement-FSI and the French Agency for International Investments (AFII). Member of the Orientation Committee of Paris-Europlace
2008 - Commissioned by the French Government to produce a white paper on Sovereign Wealth Funds.
2013 - Appointed as a Member of the "Innovation 2030" task force to select key strategic Investment opportunities for France.
Mr Demarolle holds an MBA from ESSEC, a Post-Graduate Economics Diploma from Sciences–Po, and a PhD in Philosophy from La Sorbonne University.
He also graduated valedictorian from Ecole Nationale d'Administration (ENA) as an Inspecteur des Finances.
For further information
Rachael Harper 00 44 (0) 207 426 7175
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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 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.