LCH.Clearnet CEO Ian Axe Announces Plans To Stand Down From Leadership Position

Ian Axe has today announced that he is to stand down from his position at LCH.Clearnet as CEO.

Mr. Axe has agreed to remain in his position to ensure an orderly handover and a search for a successor has already commenced.

Ian Axe today made a statement on his intention to step down: "I am extremely proud to have led LCH.Clearnet during a period of significant transformation for the business."

"The partnership between LCH.Clearnet and the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term Group has been a key achievement, ensuring a clear growth path for our open access horizontal model for clearing across markets and geographies. With the post transaction programme between the businesses well underway, I now feel that I can think about new opportunities."

Jacques Aigrain, Chairman of LCH.Clearnet, commented: "Ian Axe joined LCH.Clearnet two and a half years ago at a critical moment for the business and has been absolutely instrumental in driving significant change, culminating in the partnership with London Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group.

"It is thanks to him that LCH.Clearnet is well positioned to be the leading global CCP at a time of great opportunity. On behalf of the Board I would like to thank Ian Axe for his contribution and his leadership and we wish him all the best for the future."