LSEG appoints Machell
05 May 2026 UK
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London Stock Exchange Group (LSEG) has appointed Carole Machell as chair of LCH Limited, effective 1 July 2026.
Machell joined LCH Limited and LCH in 2020 as an independent non鈥慹xecutive director, serving as chair of the Audit Committees and a member of the Risk Committee.
She then became chair of the LCH Operational Resilience Committee.
On assuming the role of chair of LCH Limited, Carole will step back from her roles at LCH.
Machell replaces Laurie Adams in this role, who oversaw sustained year鈥憃n鈥憏ear growth alongside a period of transformation across the organisation, including managing leadership succession.
Adams also managed the delivery of new services such as Listed Rates鈥� partnership with FMX Futures Exchange to clear US secured overnight financing rate (SOFR) and Treasury futures, and the integration of cleared deliverable FX directly into the main continuous linked settlement (CLS) settlement session.
According to the firm, he also guided LCH through periods of exceptional challenge, ensuring the resilient operation of LCH SwapClear and continued access for EU firms following the UK鈥檚 exit from the EU, steering the clearing service safely through heightened market volatility 鈥� including during the Covid-19 crisis 鈥� and leading the market鈥憌ide transition away from LIBOR.
Daniel Maguire, group head of LSEG Markets, and CEO, LCH Group, comments on the appointment: 鈥淗er deep expertise in governance, risk, and operational resilience will provide a distinct perspective as we continue to grow our global offering.
鈥淚 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.鈥�
Machell joined LCH Limited and LCH in 2020 as an independent non鈥慹xecutive director, serving as chair of the Audit Committees and a member of the Risk Committee.
She then became chair of the LCH Operational Resilience Committee.
On assuming the role of chair of LCH Limited, Carole will step back from her roles at LCH.
Machell replaces Laurie Adams in this role, who oversaw sustained year鈥憃n鈥憏ear growth alongside a period of transformation across the organisation, including managing leadership succession.
Adams also managed the delivery of new services such as Listed Rates鈥� partnership with FMX Futures Exchange to clear US secured overnight financing rate (SOFR) and Treasury futures, and the integration of cleared deliverable FX directly into the main continuous linked settlement (CLS) settlement session.
According to the firm, he also guided LCH through periods of exceptional challenge, ensuring the resilient operation of LCH SwapClear and continued access for EU firms following the UK鈥檚 exit from the EU, steering the clearing service safely through heightened market volatility 鈥� including during the Covid-19 crisis 鈥� and leading the market鈥憌ide transition away from LIBOR.
Daniel Maguire, group head of LSEG Markets, and CEO, LCH Group, comments on the appointment: 鈥淗er deep expertise in governance, risk, and operational resilience will provide a distinct perspective as we continue to grow our global offering.
鈥淚 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.鈥�
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