LCH.Clearnet Names Marcus Robinson as Head of SwapClear in Australia

Global 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 LCH.Clearnet has announced that Marcus Robinson has been named as the company’s newest Head of SwapClear in Australia, part of a broad-based initiative to foster demand for interest rate derivatives (IRD) solutions.

In his new role, Mr. Robinson will be based out of Sydney, where he will usher in a new era of expansion for LCH.Clearnet’s Australian operations. Furthermore, he will be tasked with expanding SwapClear’s suite in the region.

Relocating Back to Familiar Region

According to Daniel Maguire, Global Head of SwapClear in a recent statement on the appointment, "Australia is an important component of our geographic expansion strategy in the Asia Pacific region. The relocation of Marcus, one of our senior executives, reflects our absolute commitment to the region. Marcus has been instrumental in our Australian business from the outset and his industry knowledge, experience and leadership skills will be essential to our continued growth. This new phase strengthens our ambitions to deepen relationships long-term with local and international firms to ensure we deliver the best Australian and regional support."

Mr. Robinson was previously based out of LCH.Clearnet's London office, where he served as Director of SwapClear Business Change. Prior to this, he also maintained a senior level role as Manager OTC Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, Risk and Operations since 2009. In addition to LCH.Clearnet, he also has experience in the banking sector, having worked at JPMorgan and the Commonwealth Bank of Australia.