City Moves for 30 October 2017 - who's switching jobs at LCH Group, Cromwell Property Group Europe and Deloitte?

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Today's City Moves cover clearing, property and financial services. Take a look at these movers and shakers:

LCH Group

LCH, a leading global clearing house, has appointed John Horkan as LCH Group chief operating officer (COO), effective immediately. He assumes this role in addition to his current responsibilities as LCH head of North America. John will continue to be based in New York reporting to Daniel Maguire, chief executive officer of LCH Group. As COO, John will work in partnership with the CEOs of LCH’s regulated CCPs, and the senior management team, to deliver the group’s integrated global strategy across services and entities. He will also ensure a continued focus on best in class risk management, operational resiliency and efficiency. John joined LCH Group in 2012. Previously he spent 19 years at Bank of America Merrill Lynch and JP Morgan where his various roles included regulatory reform programme manager for global banking and markets, COO of global markets sales and corporate bond sales. As LCH North America Head, John has played a pivotal role in enhancing relationships with the group’s expanding US-customer base.

Cromwell Property Group Europe

Cromwell Property Group, the global real estate investment manager, has appointed Mark McLaughlin as managing director of its European business. Mark, who has transitioned into the role over the past few months, brings a wealth of European investment and asset management experience, having previously been the group’s head of property Europe and head of the Benelux region. Reporting to Paul Weightman, CEO of Cromwell Property Group, Mark will have full operational responsibility for running the European business. Mark takes over from David Kirkby, who has moved into an executive director position within the European Group, with responsibility for developing and maintaining strong relationships with the firm’s existing clients, as well as generating new business. Both appointments highlight the firm’s commitment to growing the European business.


Deloitte, the business advisory firm, has appointed Richard Kibble as partner in the UK financial services team, where he will specialise in banking strategy and transformation. Richard, who joins following five years as strategy and corporate finance director working with the RBS ExCo and board, has more than 25 years’ experience in strategy and a 20-year career in management consultancy. His expertise includes digital strategy, innovation and regulation and he will support Deloitte’s banking clients through a range of digital transformation projects. His extensive experience in both business strategy and consultancy will complement the transformation work Deloitte is already conducting with its banking clients.

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