Michael Davie returns to LCH to lead rates business
Davie takes over from Daniel Maguire, who became chief operating officer in April
Michael Davie has returned to LCH, a group of multi-asset clearing houses majority-owned by London Stock Exchange Group (LSEG), as global head of rates.
He will lead the SwapClear and listed rates business, as well as overseeing the launch and future developments of LCH SwapAgent. The appointment is effective immediately.
Davie takes over the role from Daniel Maguire, who was appointed chief operating officer in April while retaining his responsibility as global head of rates and foreign
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