Grensted parts company with LCH.Clearnet

The clearer's head of business development - and one of SwapClear's architects - left the firm today


Simon Grensted, head of business development at LCH.Clearnet in London has left the clearing house after 14 years, Risk understands.

Grensted's departure comes two months after the retirement of chief executive Roger Liddell, who has been replaced by Ian Axe, the former global head of operations at Barclays Capital. LCH.Clearnet refused to comment.

Grensted joined LCH.Clearnet in 1997 to design the SwapClear service - the firm's interest rate swap central counterparty (CCP). He was formerly

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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