By Jaime Llinares Taboada

London Stock Exchange Group PLC said Thursday that Marshall Bailey will step down from his roles as nonexecutive director from the group's board and as chairman of LCH Group.

"Since his appointment in 2018, Marshall has overseen a period of significant growth and innovation at LCH, while maintaining operational excellence," LSEG Chairman Don Robert said.

LCH Group--majority owned by LSE Group--is a multi-asset clearing house. It acts as a central counterparty for OTC and listed deals of interest rates, fixed income, foreign exchange, credit default swaps, equities and commodities.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

September 10, 2020 05:42 ET (09:42 GMT)

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