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LCH.Clearnet appoints Martin Ryan as Group Head of Operations & Client Services

30 July 2012

LCH.Clearnet Group Limited (LCH.Clearnet) has appointed Martin Ryan as Group Head of Operations & Client Services, reporting to Christophe Hemon, Group COO.  Martin joins LCH.Clearnet from RBS where he held the position of Managing Director, Head of Markets Operations for 3 years.  RBS Markets Operations supports a number of sales and trading businesses globally including Fixed Income, Currencies & Commodities (FICC), Corporate Risk Solutions, Institutional Coverage Research & Strategy and Global Structuring.

Christophe Hemon, Group COO, said:  “The variety and range of experience Martin has from his previous roles have given him a broad skill set that will enable him to successfully fulfil the LCH.Clearnet role and add significant value to our company.”

Martin has over 15 years financial industry experience and previously held the role of Managing Director, at Morgan Stanley where he ran Global Equity Derivatives and latterly Fixed Income Operations. Martin’s early career at JP Morgan began in Credit Markets where he supported a range of trading functions from London and during postings to New York and Tokyo.  He is an Economics & Politics graduate from the University of Manchester. 

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About LCH.Clearnet

The LCH.Clearnet Group is the leading independent clearing house group, serving major international exchanges and platforms as well as a range of OTC markets. It clears a broad range of asset classes, including securities, exchange-traded derivatives, commodities, energy, freight, interest rate swaps, foreign exchange, credit default swaps and euro- and sterling-denominated bonds and repos, and works closely with market participants and exchanges to identify and develop clearing services for new asset classes.

A clearing house sits in the middle of a trade, assuming the counterparty risk involved when two parties (or members) trade. When a trade is registered with a clearing house, that clearing house becomes the legal counterparty to the trade, ensuring financial performance of the trading parties; if one of the parties fails, the clearing house steps in. By assuming the counterparty risk, the clearing house underpins many important financial markets, facilitating trading and increasing confidence within these markets.

Initial and variation margin (or collateral) is collected from clearing members; should they fail, this margin is used to fulfill their obligations. The amount of margin is decided by the clearing house’s highly experienced risk management teams, which assesses a member’s positions and market risk on a daily basis. Both the soundness of the risk management approach and the resilience of its systems have been proven in recent times. LCH.Clearnet is regulated or overseen by the national securities regulator and/or central bank in each jurisdiction from which it operates.