LCH Recruits James Pearson as Its Head of ForexClear

LCH, a well-known global clearing house, announced it has recruited James Pearson, a former global head of foreign exchange trading at RBS, as its Head of ForexClear. The appointment will be effective from 1 June 2021.

James Pearson has rich working experience in FX. He has worked on FX Spot and NDF trading desks at Citi and HSBC and has sat on a number of FX industry advisory boards. Prior to the announcement, he worked as Global Head of FX Trading at RBS, responsible for the trading risk, daily management and strategic direction of the FX business.

James appreciated the risk management benefits and the efficiencies of clearing offered by ForexClear in his response to the appointment and said he was “excited to be joining LCH and working with the team to further develop this rapidly growing service”.

The recruitment is delivered in a time when ForexClear is showing a continued growth with $19.1 trillion cleared across the service in 2020. In January 2021, ForexClear went live the clearing service of Non Deliverable Options, a complementary product to its existing offering of non-deliverable FX forwards, deliverable FX options and deliverable FX forwards.

Isabelle Girolami, CEO, LCH Ltd showed his welcome to James Pearson, saying: “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.”

LCH is a leading Rates and multi-asset clearing house that provides proven risk management capabilities across a range of asset classes, including OTC and listed Interest Rates, Fixed Income, FX, CDS, cash equities and equity derivatives, and Commodities. LCH has been standing as a central counterparty (CCP) to meet the increasing demand for robust clearing services nowadays and ensuring financial market safer by maintaining the highest standards of risk management across all its services.