London-based clearing home LCH has appointed a former international head of overseas trade buying and selling at RBS to go up its ForexClear enterprise, efficient from June 1.
James Pearson joins LCH as head of ForexClear in London the place he shall be answerable for the buying and selling danger, day by day administration and strategic path of its FX enterprise, reporting to CEO of LCH, Isabelle Girolami.
Pearson has practically 20 years of business expertise, having beforehand labored as international head of FX buying and selling at RBS for just below 5 years earlier than his departure in 2016.
Previous to RBS, he additionally held roles as international head of G10 FX spot buying and selling and head of EMEA rising markets FX at Nomura and Lehman Brothers, in addition to, holding roles on the FX spot and non-deliverable forwards buying and selling desks at Citi and HSBC.
“I’m delighted to welcome James to LCH as Head of ForexClear. He brings in depth expertise of buying and selling FX and main international groups,” commented Girolami. “He shall be instrumental in driving continued progress and innovation at ForexClear, with a concentrate on increasing the deliverable FX and consumer clearing franchises.”
Earlier this yr, ForexClear additionally went reside clearing non-deliverable choices along with its present providing of non-deliverable FX forwards, deliverable FX choices and deliverable FX forwards.