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LCH.Clearnet appoints Juliana Wheeler as Group Head of Communications

03 September 2012

LCH.Clearnet Group (LCH.Clearnet), the leading independent clearing house group, has appointed Juliana Wheeler as Group Head of Communications.  Juliana joins from J.P. Morgan’s Treasury & Securities Services business (TSS) where she was EMEA Head of Communications. She was also EMEA Head of Marketing for the Securities Services business of TSS. 

Previously, Juliana was a senior member of the press office at Apax Partners, prior to which she was a leading financial journalist. During her 12 years as a journalist, Juliana wrote for the Financial Times, Bloomberg, American Banker and worked for the New York Times.

Juliana joins LCH.Clearnet on 3rd September and will report to Chris Doukaki, Chief Administrative Officer.

Commenting on the appointment, Chris Doukaki, said: “Juliana joins LCH.Clearnet at a time of significant corporate activity when communicating to our key audiences the diversity and different facets of our business and expertise, and the central role LCH.Clearnet plays in the markets, is a challenge I am sure Juliana will relish and I welcome her on board.”
Juliana Wheeler said: "This is an exciting time to join LCH.Clearnet, given its strategic and leading role in the financial markets at a critical time of regulatory and industry change. I am delighted to join LCH.Clearnet's world-class team."

To view this press release as a pdf click here.

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, foreign exchange derivatives, interest rate swaps, CDS 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 fulfil their obligations. The amount of margin is decided by the clearing house’s highly experienced risk management teams, which assess 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.