David Weisbrod

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David Weisbrod
David Weisbrod.gif
Occupation Country head for the US, LSEG and CEO of US operations of LCH Clearnet
Employer London Stock Exchange Group
Location New York
LinkedIn [www.linkedin.com/pub/david-weisbrod/31/84/23a Profile]

David Weisbrod is country head for the US of the London Stock Exchange Group and serves as CEO of LCH.Clearnet LLC, the U.S. division of London-based LCH.Clearnet Group Ltd. [1]

Background[edit]

Weisbrod was named to the London Stock Exchange Group post in June 2015 and appointed to the LCH.Clearnet job on February 27, 2013, after a 40-year career at JP Morgan Chase, where he most recently served as vice-chairman of risk management.[2]

LCH.Clearnet LLC was created in August 2012, after the acquisition of International Derivatives Clearing Group, the interest-rate derivatives clearinghouse majority owned by the Nasdaq OMX Group.[3]

In his career at JPMorgan Chase, Weisbrod held several key positions, including vice chairman of risk management, and chief risk officer for treasury and security services.[4] He also sat on the its corporate risk policy group and chaired its exchange and clearinghouse steering committee which coordinates its clearing house and exchange risk management approach.[5]

In addition, he was an active member of a number of key committees of the Federal Reserve Bank of New York, and has served for many years on the board of the Depository Trust & Clearing Corp. Currently, Weisbrod is a board member of foreign exchange transaction settlement firm CLS Group.

Education[edit]

Mr. Weisbrod received a B.A. from Cornell University and an M.B.A. from New York University.[6]

John Lothian News Interview - 2016 Exchange CEO Series: LSE’s David Weisbrod Talks Clearing And Openness[edit]

The London Stock Exchange Group has been in the headlines of late for its proposed merger with Deutsche Boerse Group, and perhaps another suitor, but until then LSEG's David Weisbrod says there is much to do in the meantime.

Weisbrod, who serves a dual role as US country head of the USA for LSEG and CEO of LCH.Clearnet US, has been focused on providing more access to customers to the London market and its clearing facility.

"We're a big believer in open access, which enables market participants to use whichever clearing house they want or whichever exchange they want as it meets their own needs," Weisbrod told John Lothian News at the FIA Boca Conference. "We don't have a vertical silo which binds the participants to use the clearing house, the exchange, or vice versa."

References[edit]

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