Isabelle Girolami to Replace Martin Pluves as CEO of LCH

LCH has a new Chief Executive Officer (CEO) - Isabelle Girolami, the global clearinghouse announced this Thursday. She joins the company from Crédit Agricole and will commence her role on November 1.

In November Girolami will replace Maguire, who will be operating as the interim CEO, following Martin Pluves stepping down from his leading role on July 31.

Pluves left LCH to be the CEO of the Fixed Income, Currencies and Commodities Markets Standards Board (FMSB), whose appointment was announced today.

As the CEO of LCH, Girolami will be based in London and will report to the CEO of LCH Group, Daniel Maguire. As the head of the Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term, she will be in charge of driving continued expansion across LCH’s services.

Isabelle Girolami's career before LCH

Girolami joins LCH from Crédit Agricole, where she is the Deputy CEO of its Corporate and Investment Banking Business. She originally joined the firm back in 2015, initially working as the Global Head of Financial Markets.

Commenting on the appointment, Daniel Maguire said: “I am delighted to welcome Isabelle Girolami to LCH Group. As a proven leader, Isabelle brings extensive experience in managing high calibre global teams operating across a number of asset classes."

“She is well-known in the financial markets and has an outstanding track record in Europe, in addition to significant experience in Asia. I would also like to take this opportunity to thank Martin for his significant contributions to the growth and development of LCH.”

Before she was at Crédit Agricole, Girolami was at Standard Chartered Bank for seven years. During this time she was based both in London and Singapore. Her most recent role with the firm was Co-Head of the Wholesale Bank ASEAN and Head of Financial Markets ASEAN.

“LCH has an impressive track record of partnering with the markets that it serves, in order to drive innovation and provide best-in-class Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. Its open access approach and strong customer focus are unique, and I’m honoured to be asked to lead LCH Ltd for the next stage of its growth,” added Girolami.