London Stock Exchange Group appoints next Chief Executive

 

The Board of London Stock Exchange Group (“the Group”) has appointed Xavier Rolet as its next Chief Executive.

 

Xavier, 49, brings with him 25 years of international markets experience gained at a number of major financial institutions. He will join the Board of the Group on 16 March 2009 and will take over from Clara Furse as Chief Executive on 20 May 2009. Clara will remain as a director of the Group until the AGM in July 2009.

 

Between 2000 and 2008, Xavier was a senior executive at Lehman Brothers (Europe), where he was instrumental in developing its business into Europe's leading agency broker and, most recently, CEO of Lehman in France. Prior to Lehman Brothers, Xavier held senior equity trading positions at Dresdner Kleinwort Benson, Credit Suisse First Boston and Goldman Sachs. 

 

Commenting on the appointment, Chris Gibson-Smith, Chairman of the Group, said:

"We are delighted to be appointing Xavier as the Group’s next Chief Executive. With his deep knowledge of the Exchange’s customers and understanding of the exchange business, plus his strategic mindset, Xavier is uniquely well placed to take the Group forward in the next phase of its development.

 

“We are very grateful to Clara for all she has delivered to the Group. In her eight years at the helm, she brought the Exchange to the public markets, transformed the scale of the business and its international reputation, and most recently led the merger with Borsa Italiana.”

 

Xavier Rolet said:

“I am very excited to be joining London Stock Exchange Group. It is a great company, drawing from a rich pool of talented employees. Its strategic position is unique, and its business prospects are excellent. I look forward to contributing to its continued success and to developing further, in Clara’s footsteps, the potential of this great international franchise.”