Jonathan Eliot Appointed to the LCH.Clearnet Ltd Board of Directors

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LCH.Clearnet Group (LCH.Clearnet) today announced that Jonathan Eliot will join the Board of Directors of LCH.Clearnet Ltd, the Group’s UK Central Counterparty (CCP), as a Non-Executive Director, effective immediately.

Jacques Aigrain, Chairman of LCH.Clearnet Group said: “We welcome Jonathan Eliot as a Non-Executive Director of LCH.Clearnet Ltd. Jonathan has an extensive track record in risk management, having worked in senior positions in both buy-side and sell-side operations. I look forward to working with him as we continue to build the Group’s global clearing business.”

Mr. Eliot is an experienced risk practitioner, having held a number of senior risk positions in leading financial institutions. He has been Chief Risk Officer at Man Group since 2011, where he has overseen the introduction of a new, strengthened risk management framework. Previous positions include Market Risk Director at Barclays Bank from 2009 – 2010; two periods at Deutsche Bank, firstly from 2001-2003 and then from 2006 – 2007; and 14 years at JP Morgan from 1987 – 2001, where he was latterly Head of Asia Corporate Risk Management.

Biography: Jonathan Eliot

2011 to date MAN GROUP, Chief Risk Officer

2009-2010 BARCLAYS BANK, Market Risk Director

2008 MAN GLOBAL STRATEGIES, Chief Risk Officer

2006-2007 DEUTSCHE BANK, Head, Non Traded Products, Market Risk Management

2004-2005 INTEGRATED FINANCE LIMITED, Head, London Office

2001-2003 DEUTSCHE BANK, Head, G10 Interest Rate Market Risk Management

1987-2001 JP MORGAN

2000-2001 Head, Asia Corporate Risk Management, Tokyo

1997-1999 Head of Rates Exotics Structuring and Trading, Tokyo

1994-1996 Head of Swaps Structuring for South East Asia, Singapore

1992-1993 Swap Group, Hybrid & Exotics desk, London

1987-1991 Quantitative Research, London & Tokyo

For further information

Rachael Harper, LCH.Clearnet, Tel + 44 (0)20 7426 7175

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About LCH.Clearnet

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.