LCH.Clearnet Grows Management Team With Ex-Lloyds MD

LCH.Clearnet has expanded its management team across its Equities, Fixed Income and Exchanges businesses, hiring one new executive and appointing two from within the company.

The new hire, Bruce Kellaway, joins LCH.Clearnet in the newly created role of global head of Fixed Income, where he will report to Michael Davie, CEO of LCH.Clearnet Ltd (the U.K. arm) and Christophe Hemon, CEO of LCH.Clearnet S.A (the Continental European arm).

In this Role, Kellaway will be responsible for overseeing Fixed Income products across the U.K. and Continental Europe, including LCH’s RepoClear product, which clears cash bond and repo trades in a number of European markets.

Previously, Kellaway had worked at Lloyds Banking Group for 20 years, most recently as managing director of rates trading. Prior to this, he held roles as interim head of trading and managing director of swaps.

Internally, LCH.Clearnet appointed Alberto Pravettoni as global head of Exchanges, focusing on Equities, Commodities and Listed Derivatives, and he will also report to Davie and Hemon. Pravettoni has been with the clearing house since 2007, most recently serving as CEO of LCH.Clearnet’s Repo and Exchanges business.

In addition, Cecile Nagel, previously head of strategic planning at the London Stock Exchange (the parent company of LCH.Clearnet), has been appointed as global head of Equities, reporting to Pravettoni. She will focus on Equities, Cash and Derivatives.