Patriarco appointed head of collateral at LCH.Clearnet
LCH.Clearnet has appointed Stephen Patriarco as global head of collateral services, US head of collateral and liquidity management.
Patriarco will be responsible for developing LCH.Clearnet’s collateral management capabilities on a global basis and will provide localised support in collateral and liquidity management to US clients.
He joins from SJP Financial Consulting Services, a company which he founded to provide financial consulting services to a wide range of small and mid-size enterprises.
Prior to this, he spent 15 years at various major investment banks including Lehman Brothers, Credit Suisse and Merrill Lynch, where he held a variety of senior management positions, latterly as global head of derivative operations, futures and collateral management at Merrill Lynch.