Trading

LSEG hires former JPMorgan executive to run swap clearing

Nick Rustad joins the bourse owner to oversee its lucrative SwapClear business

The City exchange is looking to bolster its  top ranks
The City exchange is looking to bolster its top ranks Photo: Chris Ratcliffe/Getty Images

The London Stock Exchange Group has hired a former JPMorgan executive to head up its lucrative swap clearing business.

Nick Rustad has joined LSEG as group head of LCH SwapClear and listed rates, according to a statement.

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