23 October 2017

LCH.Clearnet appoints BarCap's Ian Axe chief executive

15 February 2011  |  3898 views  |  0 Source: LCH.Clearnet

LCH.Clearnet Group (LCH.Clearnet), the world's leading independent clearing house group, has appointed Ian Axe as chief executive of both LCH.Clearnet Group Limited (the group holding company) and LCH.Clearnet Limited (the UK based subsidiary).

Mr Axe joins from Barclays Capital where he was most recently global head of operations and COO EMEA. He will replace Roger Liddell, who has been chief executive since July 2006 and who announced his intention to retire in July 2010.

Commenting on the appointment Jacques Aigrain, chairman, LCH.Clearnet said: "Ian has experience of building successful businesses around the world. This, combined with his extensive financial expertise, makes him well placed to lead LCH.Clearnet at this exciting and challenging time. As the market leader in OTC clearing and with expertise in a broader range of assets than any other clearing house globally, LCH.Clearnet is well placed to benefit from the worldwide drive to reduce systemic risk."

Mr Aigrain continued; "Roger has successfully steered the company through a period of unprecedented turmoil in the financial markets and built the foundations for future growth. I would like to thank him for his years of excellent leadership."

Ian Axe said; "I'm delighted to be joining LCH.Clearnet; never has the importance of clearing been so evident, nor the opportunities so great. LCH.Clearnet is at the forefront of its industry and plays a vital role in reducing risk across financial markets globally."

Mr Axe has 17 years of broad experience in the financial sector. He joined Barclays Capital in 2002 from Booz Allen Hamilton, where he was a principal in the financial services practice, advising leading financial institutions on strategic issues. At Barclays Capital he was responsible for a number of key initiatives, including the formation of Barclays Wealth, the development of ABSA Capital into South Africa's leading investment bank, the integration of Lehman Brothers and the divesture of BGI. He was also global head of equity finance and was appointed COO EMEA Barclays Capital in 2009 and head of operations in 2010.

Mr Axe is expected to commence his duties in early April.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15199 views comments | 17 tweets | 29 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13526 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9953 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9918 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8922 views comments | 9 tweets | 18 linkedin

Featured job

circa £250K total package

Find your next job