LCH appoints James Pearson as Head of ForexClear
LCH, a global clearing house, today announced that it has appointed James Pearson as Head of ForexClear, effective 1 June 2021. Based in London, James will be responsible for LCH’s FX derivatives clearing service, reporting to Isabelle Girolami, CEO, LCH Ltd.
James joins at a time of continued growth at ForexClear, with $19.1 trillion cleared across the service in 2020. In January 2021, ForexClear went live clearing Non Deliverable Options, a complementary product to its existing offering of non-deliverable FX forwards, deliverable FX options and deliverable FX forwards.
James has over 20 years’ experience of working in FX. Previous roles include Global Head of FX Trading at RBS, where he was responsible for the trading risk, daily management and strategic direction of the FX business. Prior to RBS, James held positions as Global Head of G10 FX Spot Trading & EMEA Head of Emerging Markets FX at Nomura and Lehman Brothers. He has also worked on FX Spot and NDF trading desks at Citi and HSBC and has sat on a number of FX industry advisory boards.
Isabelle Girolami, CEO, LCH Ltd, said: “I am delighted to welcome James to LCH as Head of ForexClear. He brings extensive experience of trading FX and leading global teams. He will be instrumental in driving continued growth and innovation at ForexClear, with a focus on expanding the deliverable FX and client clearing franchises. I look forward to working with him to deliver more innovations and efficiencies to our customers and the wider market.”
James Pearson said: “Thanks to the risk management benefits and the efficiencies of clearing, there is a great opportunity for even more participants to benefit from access to ForexClear. I am excited to be joining LCH and working with the team to further develop this rapidly growing service."