LCH, an international clearinghouse, has unveiled two senior executive additions to its SwapClear and ForexClear services operations, namely the appointments of Daniel Maguire and Paddy Boyle, according to an LCH statement.
Mr. Maguire will step into the role of Global Head of Rates and foreign exchange (FX) Derivatives, and the appointment will be tendered at the start of May. In this capacity he will be tasked with LCH’s global product and business development across its listed and over-the-counter (OTC) rates and FX Derivatives via its SwapClear and ForexClear services.
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Paddy Boyle joins LCH as its newest Head of FX Product, who comes over from Goldman Sachs. While working for the lender, Mr. Boyle served as its Global Head of G10 FX Options, part of a diverse career that featured prominent roles in the FX space. In addition, he also was a member of the Bank of England Joint Standing Committee on FX and also a board member of the Global FX Division of the Global Financial Markets Association.
In his new role as the Head of FX Product, Mr. Boyle will be reporting to Mr. Maguire, whilst working in tandem with LCH’s Chief Operating Officer (COO) of ForexClear, Edward Hughes.
According to Suneel Bakhshi, Group Chief Executive Office (CEO), LCH in a recent statement on the appointments: “As we continue to harmonise and simplify the structure of our global clearing services, I am delighted to announce the strengthening of the management team for Rates and FX Derivatives.”
“Daniel brings a strong track record of performance to his expanded role, having led the continued growth of SwapClear and Listed Rates as Global Head since 2014 and accelerating innovation and adoption of our compression and inflation swap clearing services,” he added.