Ed Watts appointed as senior country advisor
LCH.Clearnet Group (LCH.Clearnet) has opened an 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. During this time he also held a number of industry positions including chairman Board of Directors Government Securities Clearing Corp and chairman Board of Directors Mortgage Backed Securities Clearing Corp. He also served on the Board of Depository Trust Clearing Corp (DTCC) and National Securities Clearing Corp. As an active member of the Bond Market Association he chaired the Government Operations Committee as well as the Mortgage Backed Securities Operations Committee.
Roger Liddell, chief executive, LCH.Clearnet said: “A presence in the U.S. will enable us to respond to market demand and develop our unique OTC clearing expertise. 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.”
LCH.Clearnet Limited is designated as a Derivatives Clearing Organization by the Commodity Futures Trading Commission in the United States.
