LCH.Clearnet, the London Stock Exchange-owned clearing house, has hired a former Goldman Sachs partner in a senior foreign exchange role and handed the head of SwapClear – its crown jewel – a big promotion.

The clearing house said in a statement on April 26 that Paddy Boyle, who was the global head of G10 FX options at Goldman Sachs until he left in February 2014 and is also a former member of the Bank of England's joint standing committee on FX, has been hired as head of FX product.