Spotlight on: Gavin Wells, LCH.Clearnet
By any yardstick, LCH.Clearnet's launch of over-the-counter foreign exchange clearing last week was a major development for the FX market as it moves towards mandatory clearing and exchange trading for certain products. The launch had been a long time coming – LCH first started looking at the foreign exchange market almost a decade ago, and began preparing in earnest in 2008 with the appointment of Gavin Wells. A 15-year veteran of Citi, Wells held a number of senior FX roles at the US bank
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