LCH.Clearnet CEO Ian Axe to Step Down
During his time at LCH.Clearnet Group, Axe oversaw negotiations regarding the acquisition of a 60 percent stake by the LSE, effective since May 1, 2013.
The announcement was made as the group reported a £60.7 million (approximately $92.4 million) total income contribution from LCH.Clearnet, excluding unrealized loss, to the LSE since the completion of the transaction.
Axe announced he will remain in place to ensure an orderly transition. His successor has yet to be nominated.
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