The clearinghouse operator, which is majority-owned by the London Stock Exchange Group (LSEG), announced the appointment on October 27. Horkan will also continue in his role as head of North America.
This is the latest change at the top for LCH, which announced that Daniel Maguire, the former COO for LCH Group, would be taking over from CEO Suneel Bakshi on October 18.
The appointments also come at a politically sensitive time for the group. On June 13, the European Commission announced that,
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails