Onshore presence drives LCH.Clearnet's Asia business

LCH aiming to expand scope of its SwapClear service across region

Marcus Robinson
Marcus Robinson, LCH.Clearnet

LCH.Clearnet has a long history in Asia – it started clearing for the Sydney Futures Exchange, now part of ASX, in 1969, but 2014 marked a step change for the London-headquartered firm when it set up a full onshore office in Australia after it was granted a clearing and settlement licence in 2013, the only non-domestic institution to hold one. While it already had some boots on the ground at the end of July, it appointed Marcus Robinson as head of SwapClear Australia – the firm's interest rate c