LCH.Clearnet recruits head of repo clearing for US
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LCH.Clearnet recruits head of repo clearing for US 06 July 2015New York Reporter: Mark Dugdale
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LCH.Clearnet Group has appointed John Vinci as head of its North American repo clearing business.
Vinci, who will join LCH.Clearnet on 13 July, is charged with establishing the RepoClear service in the US. He will report to CEO David Weisbrod and Bruce Kellaway, global head of fixed income.
He joins LCH.Clearnet from BNY Mellon, where he was managing director and a member of the bank’s operating committee. In this role, he was responsible for product management and strategy within the broker-dealer services division.
Vinci has also worked at J.P. Morgan Chase and Bankers Trust Company.
Weisbrod commented: “LCH.Clearnet Group is already a market leader in repo clearing and this new appointment will support the business’ growth ambitions in North America, working with our clients and members to deliver greater efficiencies in the US fixed income markets.”
Vinci added: “I am delighted to be joining one of the world’s most important and respected clearinghouses. LCH.Clearnet is a global force in repo clearing and end-user client clearing, and I am looking forward to developing our US offering.”
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