Verma Named Head of APAC at LCH
Posted by Colin Lambert. Last updated: July 22, 2021
Rohit Verma has been appointed head of Asia Pacific at LCH, effective 26 July 2021. He will be based in Singapore and report to Isabelle Girolami, CEO of LCH.
LCH has been seeking someone to run the APAC business since former head Kate Birchall moved to London with the firm earlier this year to become global head of sales. Verma will be responsible for LCH’s clearing house operations in Singapore, Sydney and Tokyo as well as sales in the region. He will sit on LCH’s sales leadership team.
Verma joins from Citi, where he held a number of senior roles in the bank’s futures, OTC clearing and FX prime brokerage business, most recently serving as APAC head of OTC clearing and FX prime brokerage. Prior to joining Citi in 2012, he held various risk management roles at Deutsche Bank, Landesbank-Baden Württemberg and Credit Suisse.
“Rohit has extensive experience of the derivatives markets in Asia and across the world,” says Girolami. “Asia Pacific is a region of strategic growth and importance for LCH and I look forward to working with him and our local teams to grow our presence further.”
Verma adds, “Asia is an immensely diverse and dynamic region and LCH is committed to supporting the markets in mitigating risk and promoting capital efficiencies in multiple asset classes. I am excited to steer LCH’s business in Asia Pacific, driving growth across the region and enabling our members and their clients to benefit from LCH’s operationally streamlined, capital efficient risk management platforms.”