Clearinghouse LCH.Clearnet reports that Marcus Robinson has been appointed head of SwapClear Australia.
Robinson, who is an Australian citizen, has relocated to Sydney, where he will “support the growing demand for on-the-ground, robust interest rate derivative (IRD) clearing solutions,” the company says in a statement, which also notes that his mission is to lead “LCH.Clearnet’s next phase of expansion in Australia,” working with “with local market participants to further enhance SwapClear’s offering in line with their needs, including extending operational service hours.”
Robinson was previously based at the company’s London office, where he was director of SwapClear Business Change. He joined the company in 2009 as senior manager over-the-counter (OTC) clearing, risk and operations.
Prior to joining LCH.Clearnet, he worked for JPMorgan in its investment banking and asset management divisions and the Commonwealth Bank of Australia in Sydney in the financial markets division, according to the statement.
“Australia is an important component of our geographic expansion strategy in the Asia Pacific region,” Daniel Maguire, global head of SwapClear, says in the statement. “The relocation of Marcus, one of our senior executives, reflects our absolute commitment to the region.”
SwapClear currently processes more than 90 percent of all cleared Australian dollar IRDs and over 40 percent of the entire Australian dollar IRD market, the company also reports.
LCH.Clearnet Group is majority owned by London Stock Exchange Group.
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