LCH.Clearnet Group has opened office in New York to provide support to a number of clearing initiatives in North America, including the Nodal Exchange and Credit Default Swaps.
Ed Watts will head the New York office. Ed previously held the position of Managing Director within the Operations division at Goldman Sachs & Co, where he spent 33 years of his career.
A presence in the U.S. will enable us to respond to market demand and develop our unique OTC clearing expertise, says Roger Liddell, chief executive, LCH.Clearnet.
We also foresee interest within the exchange environment. We are delighted to welcome Ed to LCH.Clearnet; his experience and understanding of operational issues and the U.S market makes him a valuable member of the team.
L.D.