LSEG today announces the appointment of Carole Machell as Chair of LCH Limited, effective 1 July 2026.
Carole joined LCH Limited and LCH SA in November 2020 as an Independent Non‑Executive Director, serving as Chair of the Audit Committees and a member of the Risk Committee. She later became Chair of the LCH SA Operational Resilience Committee. On assuming the role of Chair of LCH Limited, Carole will immediately step back from her roles at LCH SA.
Laurie Adams joined the LCH Limited Board in 2018 and was appointed Chair in September 2020. During his chairmanship, he has overseen sustained year‑on‑year growth alongside a period of significant transformation across the organisation. This has included managing leadership succession, the successful delivery of major new services such as Listed Rates’ partnership with FMX Futures Exchange to clear US SOFR and Treasury futures, and the integration of cleared deliverable FX directly into the main CLS settlement session.
He has also guided LCH through periods of exceptional challenge, ensuring the resilient operation of LCH SwapClear and continued access for EU firms following the UK’s exit from the EU, steering the clearing service safely through heightened market volatility — including during the COVID‑19 crisis — and leading the market‑wide transition away from LIBOR.
Daniel Maguire, Group Head of LSEG Markets, and CEO, LCH Group:
“I am delighted to welcome Carole as Chair of LCH Limited. Her deep expertise in governance, risk and operational resilience will provide a distinct perspective as we continue to grow our global offering. I would also like to thank Laurie for his significant contribution and leadership, helping to strengthen the resilience of our clearing services and the trust placed in LCH by markets globally.”
