December 22, 2014 5:14 PM ET

Capital Markets

Company Overview of LCH. Clearnet Group Ltd.

Company Overview

LCH.Clearnet Group Ltd., through its subsidiaries, provides central counterparty clearing services and other related services to its members primarily in the United Kingdom and rest of Europe. The company clears risks of various asset classes, including securities, exchange-traded derivatives, commodities, energy, freight, foreign exchange derivatives, interest rate swaps, credit default swaps, and the euro and sterling denominated bonds and repos. It also operates as a clearing house for regulated markets in France, the Netherlands, Belgium, and Portugal; and fixed income products and credit default swaps traded on regulated markets or trading platforms located in France, the United Kingdom...

Aldgate House

33 Aldgate High Street

London,  EC3N 1EA

United Kingdom

804 Employees

Phone:

44 20 7426 7000

Fax:

44 20 7426 7001

Key Executives for LCH. Clearnet Group Ltd.

Chief Executive Officer and Executive Director
Group Chief Operating Officer and Chief Executive Officer of Lch Clearnet S A
Managing Director of Corporate Strategy and Chief Executive Officer of Repo & Exchanges
Chief Executive Officer of SwapClear
Chief Executive Officer of Forexclear
Compensation as of Fiscal Year 2014.

LCH. Clearnet Group Ltd. Key Developments

LCH. Clearnet Group Ltd. Appoints Michael Davie as Group Coo, Effective January 1, 2015

LCH. Clearnet Group has appointed Michael Davie as group COO, effective January 1, 2015. In the newly created role of Group COO, Mr. Davie will be responsible for the Group's global product and business development activities, including strategy and delivery. Michael will also be responsible for overseeing innovation, industry insight and for managing certain key relationships. Michael will continue to report to the Group CEO, Suneel Bakhshi.

LCH. Clearnet Group Ltd. Announces Board Changes

LCH. Clearnet Group Ltd. announced the resignation of Herve Saint-Sauveur, Yunho Song and Vivien Levy-Garboua as a directors and the appointment of Yves Perrier, Suneel Bakhshi, Ashok Krishnan and Jill Considine as directors.

LCH.Clearnet Announces Unaudited Earnings Results for the First Quarter Ended June 30, 2014

LCH.Clearnet announced unaudited earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported revenue was £83.2 million against £49.0 million a year ago. Net treasury income through CCP business was £15.1 million against £11.7 million a year ago. The unrealized gain was £0.7 million against loss of £1.2 million a year ago. Total income excluding unrealized was £98.3 million against £60.7 million a year ago.

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