LCH.Clearnet to appoint Magnus Spencer as Group General Counsel

London, 11 May 2012

LCH.Clearnet Group Limited (“LCH.Clearnet Group”) is to appoint Magnus Spencer as Group General Counsel, reporting to Ian Axe, Group CEO. 

Magnus will be joining LCH Clearnet’s Executive Committee and will be based in London.

Magnus has over 20 years' experience in the provision of legal advice within a financial services context, having started his career at Baker & McKenzie's London office in the Banking & Structured Finance Department.  Subsequent to that Magnus worked for Lehman Brothers, London for the Fixed Income Trading division, and then moved to Credit Suisse in Hong Kong where he  advised on their various derivatives businesses throughout Asia Pacific.  He then held the role of Asia Pacific General Counsel for Barclays Capital in Hong Kong for 6 years and moved to London in September 2008 to become EMEA General Counsel of Barclays Capital.

Ian Axe, CEO of LCH.Clearnet, said,

“I am pleased to welcome Magnus to LCH.Clearnet as part of the senior executive management team.  In his role as Group General Counsel, Magnus will lead the provision of legal services to our businesses globally as we continue our expansion.”

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