Reilly to head SwapClear at LCH.Clearnet
LONDON - European clearing house LCH.Clearnet has appointed Joe Reilly to lead its SwapClear service, which provides clearing for over-the-counter interest rate swaps.
Reilly joins from Barclays Capital, where he held various roles, including derivatives architecture director and global head of derivatives operations. Since 2001 he has represented Barclays Capital as an executive board director for London-based OTCDerivNet, the SwapClear advisory group.
SwapClear says it clears approximately 50%
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