LCH.Clearnet’s Longden Leaves, Wells Takes Over as CDSClear CEO
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LCH.Clearnet Group Ltd., the world's largest clearinghouse for interest-rate swaps, said the chief executive officer of its CDSClear unit, Charlie Longden, has left.
Longden, one of the four business heads at the clearinghouse, ran the credit-default-swap business. The executive decided to leave to seek a new challenge, Kamyar Naficy, a spokesman for LCH, said, declining to comment further. Gavin Wells, the CEO of the company’s ForexClear service, will take on responsibility for the CDS business.