LCH Makes US Head John Horkan COO Amid Post-Brexit Rumblings

Clearinghouse operator makes US head new COO as it suggests it could move to the US post-Brexit if forced.

brexit

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,

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