Alain Demarolle has been appointed as non-executive chairman of the board directors of LCH.Clearnet SA, the group's French-based entity, effective immediately.
Patrick Combes announced in May 2014 that he would step down as director and the chairman of the board directors of LCH.Clearnet SA. Aigrain remains chairman of LCH.Clearnet Group.
Aigrain says: "I would like to thank Patrick Combes for his unwavering support and dedication to LCH.Clearnet. We are indebted to Patrick for navigating the firm through a period of significant regulatory change, including the successful authorisation of LCH.Clearnet SA as a CCP under EMIR. On behalf the board of LCH.Clearnet Group and the LCH.Clearnet management team, I sincerely thank Patrick and wish him all the very best in his future endeavours.
"We are delighted that Alain has agreed to take up this key position. He is an incredibly thoughtful and experienced industry leader. LCH.Clearnet will benefit greatly from his considerable experience working in government, corporate finance and capital markets as we strive to meet the challenges and opportunities in the years ahead."
Demarolle founded Alura Capital Partners in 2010, an investment fund focusing on European equity opportunities. Prior to that role, he was the European managing director for Eton Park International for three years. He also served as the economic and financial advisor to the Prime Minister of France, directly advising the French Government on all major corporate business including key M&A deals, banking and financial regulation, international cooperation and regulation of foreign investments from 2005 to 2007.
Prior to this, Demarolle was a senior investment banker with Salomon Smith Barney and Bear Stearns in London and New York.
He has served on the boards of France Investissement-FSI, the French strategic investment fund, and the French Agency for International Investments (AFII).
