LCH.Clearnet appoints Dennis McLaughlin as Group Chief Risk Officer

London, 11 May 2012

LCH.Clearnet Group Limited (“LCH Clearnet”) has appointed Dennis McLaughlin Group Chief Risk Officer, reporting to Ian Axe, Group CEO. The appointment is a further investment by LCH.Clearnet in enhancing its world-class risk management offering.

Dennis will be joining LCH Clearnet’s Executive Committee, its Independent Group Risk Committee, and will chair LCH Clearnet’s internal Executive Risk Committee.

Dennis has over 20 years experience in risk management and finance. He joins LCH.Clearnet from AON where he was the CEO for Innovation and Analytics and where he introduced and developed an entirely new suite of analytics to the insurance industry. Previous to that he held the roles of Global Head of Capital and Balance Sheet Management at Merrill Lynch where he was the key architect of the Jump-to-Default and Incremental Default Risk Framework and was Director of Capital, Global Consumer Group at Citigroup.  Dennis started his finance career as a consultant in the Global Risk Management practice at McKinsey where he focused on the risk management of Traded Products and the development of risk systems and analytical algorithms. Prior to that Dennis was a professor at Princeton University where he taught mathematics and quantitative finance.

Dennis has an MBA from Wharton School, University of Pennsylvania, a Ph.D. in Mathematics from Brown University and a MA in Mathematical Science from University College Dublin.

Ian Axe, CEO of LCH.Clearnet, said,

“I am pleased to welcome Dennis to LCH.Clearnet as Group Chief Risk Officer, and as a member of LCH Clearnet’s Executive Committee. Dennis’ appointment into this important position further demonstrates  investment by LCH Clearnet in the critical area of risk management as we expand our business to meet our clients’ needs."

Dennis McLaughlin will start on 14 May, 2012.

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