CurveGlobal appoints Richard Walker Head of Business Development
- Richard Walker will join from LCH
- Brings extensive strategic sales and marketing experience across buy and sell side in both listed and OTC markets
- Key appointment ahead of CurveGlobal September go-live
CurveGlobal, the new interest rates derivatives venture between LSEG, seven major dealer banks and CBOE, today announces the appointment of Richard Walker as Head of Business Development. Richard will join CurveGlobal on 22 August in a new role created to support the new venture’s market engagement programme ahead of its September 26 launch.
Richard joins from LCH, where most recently he was Head of EMEA Client Sales and Marketing. In his five years at LCH, Richard helped grow the client clearing business at SwapClear. Prior to joining LCH, Richard worked at Swiss Bank, Nomura, Lehman Brothers, Calypso and Traiana, in each role with a specific focus on new product and market development including work such as Traiana’s Harmony platform.
CurveGlobal also announces that Catherine Lyall, COO, who has been central to the development of the company from its earliest stages has left CurveGlobal to pursue new opportunities. Steven Hamilton has been appointed interim COO.
Andy Ross, CEO, CurveGlobal Limited said:
“Our long term success will be built on a foundation of bringing market participants from across the ETD and OTC worlds, together with the understanding of the exceptional clearing innovations being delivered by LCH, that will help deliver CurveGlobal’s unique proposition. Richard brings significant experience to this role and a breadth of industry and market knowledge second to none.
“I would also like to warmly extend my personal thanks to Catherine Lyall for her key role in developing CurveGlobal and wish her all the best for the future.”
Richard Walker said:
“We’ve seen how open access initiatives in equities have broken established trading and clearing silos to create greater choice and better efficiencies for equity market participants. We need to continue to develop fixed income markets to offer greater choice and efficiency and I am confident that CurveGlobal can take a leading role in that evolution.”
Announced in October 2015, CurveGlobal plans to initially offer trading in Sterling and Euro denominated short and long term interest rate futures, with additional products introduced subsequently to meet the interests of market practitioners. All products designed and supported by CurveGlobal are intended to be admitted to trading on LSEG’s wholly owned subsidiary, London Stock Exchange plc’s, London Stock Exchange Derivatives Market, and cleared through LCH, subject to regulatory approvals and necessary licences.
CurveGlobal will offer competitive pricing and lower overall participant costs through efficient margining across the futures markets and between listed futures and OTC swaps. The launch of this unique venture will enhance London Stock Exchange Derivative Market’s product offering and leverage LCH’s recently announced interest rate portfolio margining service, LCH Spider.
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About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 3,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com