Roger Liddell, chief executive of LCH.Clearnet, is to step down in July 2011, after completing five years with the group.
“Roger has turned the business around and has created a clearing house for the future. The company is now well positioned to benefit from the anticipated growth in OTC clearing and to leverage its position as a global leader,” said Jacques Aigrain, the group’s chairman, in a statement. “Roger has led the firm at a critically important time; LCH.Clearnet’s resolution of Lehman’s $10tr default and the successful performance of cleared markets, even at times of extreme market turbulence, have resulted in unprecedented regulatory focus and a growth in responsibility for clearing...