London Stock Exchange Group Board

Donald Brydon, CBE
Chairman of the Company and the Nomination Committee

Appointed to the Board in June 2015 and subsequently Chairman in July 2015

Key areas of experience: Industry and finance, governance, chair, pensions.

Donald is currently Chairman of The Sage Group plc and the Medical Research Council.

Donald brings to the Board his wealth of experience gained on the boards of a number of listed companies across a wide range of sectors, as well as his significant knowledge and understanding of the Finance and Insurance industries, gained from his time as Chairman and Chief Executive of both BZW Investment Management Ltd and AXA Investment Managers SA and acting CEO, BZW.

Relevant past experience: Donald has also held the post of Chairman at: Smiths Group plc, the London Metal Exchange, Taylor Nelson Sofres plc, Amersham plc, AXA Investment Managers SA, Royal Mail Group plc and The London Institute of Banking & Finance (formerly ifs School of Finance) and is a former Director of Aberdeen UK Tracker Trust plc, Allied Domecq plc, AXA UK plc and Scottish Power plc.

Other current appointments: Donald is currently Chairman of the charity Chance to Shine and Chairman of the Science Museum Foundation. He is also a Trustee Board Member of the Foundation for Science and Technology.

Committee membership:

  • Nomination (Chair)
  • Remuneration
David Schwimmer
Group Chief Executive Officer

Appointed to the Board in August 2018

Key areas of experience: Market structure, corporate finance, capital markets, mergers & acquisitions, emerging markets.

David brings significant knowledge of market structure and investment banking to the Board.

Relevant past experience: Prior to joining the Group in August 2018, he spent twenty years at Goldman Sachs where he held a number of senior roles, most recently as Global Head of Market Structure and Global Head of Metals & Mining. During his tenure, he also served as Chief of Staff to Lloyd Blankfein, who was then President and COO of Goldman Sachs, and also spent three years in Russia as Co-Head of Russia/CIS.

Prior to joining Goldman Sachs, he practiced law at Davis Polk & Wardwell. He holds a B.A. from Yale University, and post graduate degrees in law (JD) and international affairs (MALD) from Harvard University and The Fletcher School of Law and Diplomacy, respectively.

Other current appointments: Non–Executive Director at the Center for New American Security (not - for-profit).

Committee membership:

  • Group Executive Committee
David Warren
Group Chief Financial Officer

Appointed to the Board and as Group CFO in July 2012.

Key areas of experience: Accounting, corporate finance, investor relations, mergers and acquisitions, strategy, treasury management.

David brings significant international financial management expertise to the Board.

Relevant past experience: David was appointed Group CFO in July 2012 and also served as Interim CEO and Group CFO from 29 November 2017 to 31 July 2018. Prior to being appointed CFO of London Stock Exchange Group, David was Chief Financial Officer of NASDAQ from 2001 to 2009 and Senior Adviser to the CEO of NASDAQ from 2011 to 2012. Other senior roles David has held have include: Chief Financial Officer at the Long Island Power Authority of New York and Deputy Treasurer of the State of Connecticut.

Other current appointments: None.

Committee membership:

  • Group Executive Committee
Raffaele Jerusalmi
Executive Director, Chief Executive Officer of Borsa Italiana and Director of Capital Markets

Appointed to the Board in June 2010

Key areas of experience: Capital markets, corporate finance, fixed income, equity and derivatives trading.

Raffaele brings significant experience in capital markets and in fixed income, equity and derivatives trading to the Group.

He has worked for Borsa Italiana S.p.A. for the past 20 years and is Borsa Italiana’s Chief Executive Officer as well as the Group’s Director of Capital Markets. Raffaele also holds a number of other internal senior positions within the Group including: the Vice Chairmanship of Monte Titoli, MTS and CC&G and Chairman of Elite S.p.A..

Relevant past experience: Prior to joining Borsa Italiana, Raffaele was Head of Trading for Italian Fixed Income at Credit Suisse First Boston. Raffaele was also a member of Credit Suisse’s proprietary trading group in London as well as representing Credit Suisse First Boston on the Board of MTS S.p.A.. Prior to joining Credit Suisse, he was Head of Trading for the fixed income and derivatives divisions at Cimo S.p.A. in Milan.

Other current appointments: None.

Committee membership:

  • Group Executive Committee
Jacques Aigrain
Independent Non-Executive Director and Chairman of the Remuneration Committee

Appointed to the Board in May 2013

Key areas of experience: Client management, corporate finance, corporate governance, post trade and clearing, investment management, mergers and acquisitions, strategy.

Jacques brings significant expertise and knowledge of global post trade and clearing and investment management to the Board. He also holds a PhD in Economics from the University of Paris (Sorbonne).

Relevant past experience: Jacques was Chairman of LCH Group Holdings Limited from 2010 to 2015. He has also been a Non-Executive Director of Resolution Ltd, a Supervisory Board member of Deutsche Lufthansa AG, a Non-Executive Director of the Qatar Financial Centre Authority and a Non-Executive Director of Swiss International Airlines AG (a subsidiary of Deutsche Lufthansa AG). Jacques was also Chief Executive Officer of Swiss Re from 2006 to 2009.

Prior to 2001 (when he joined Swiss Re), Jacques spent 20 years with J.P. Morgan Chase, working in the New York, London and Paris offices.

Other current appointments: Jacques is currently a Senior Advisor at Warburg Pincus LLC, Chairman of LyondellBasell Industries NV and a Non-Executive Director of WPP plc.

Committee membership:

  • Audit
  • Remuneration (Chair)
Marshall Bailey
Independent Non-Executive Director

Appointed to the Board in September 2018

Key areas of experience: Banking and capital markets, insurance, and government regulation.

Marshall has substantial experience of leading complex international committees and boards.  He is also currently Chairman of the Group subsidiary, LCH Group Holdings Limited.

Relevant past experience: Marshall was previously an Independent Director on the Board of UK Financial Investments Ltd (UKFI), the government body overseeing the UK government's ownership of RBS and UK Asset Resolution.  He had an active role in FICC markets on working with codes of conduct and was a member and Co-Chair of the Market Participants Group of volunteers on the Board of the CFA Society of the UK, as well as the East End Community Foundation in Tower Hamlets.

Marshall holds a BA in Political Science from the University of Winnipeg, a Master of Arts in International Affairs and History from the Graduate Institute of International and Development Studies in Geneva, Switzerland and is a Chartered Financial Analyst. He has also completed the FT Non-Executive Directors' Diploma.

Other current appointments: Marshall is Chairman of the Financial Services Compensation Scheme. He is also the Non-Executive Chairman of CIBC World Markets Plc in London and a member of the Audit committee for the London branch.  Additionally, he is the Representative for the Public Investment Fund in Saudi Arabia on the Board of the National Commercial Bank in Jeddah.

Committee membership:

  • Remuneration
  • Nomination
Paul Heiden
Senior Independent Director and Chairman of the Audit Committee

Appointed to the Board in June 2010

Key areas of experience: Corporate finance and accounting, technology and engineering, corporate governance and risk, commercial manufacturing and supply chain.

Paul is a chartered accountant and provides the Board and the Audit Committee with relevant financial expertise, gained through a long career of senior finance and management roles across a wide range of business sectors.

Relevant past experience: Paul was previously a Non-Executive Director of United Utilities Group plc, Bunzl plc and Filtrona plc and Non-Executive Chairman of A-Gas (Orb) Limited, Talaris Topco Limited and Intelligent Energy Holdings plc.

Paul was Chief Executive Officer of FKI plc from 2003 to 2008, Executive Director of Rolls-Royce plc from 1997 to 1999 and Group Finance Director of Rolls-Royce plc from 1999 to 2003. He also held previous senior finance roles at Hanson plc and Mercury Communications.

Other current appointments: Paul is a Non-Executive Director of Meggitt plc (a position he will retire from on 25 April 2019).

Committee membership:

  • Audit (Chair)
  • Nomination
  • Remuneration
  • Risk
Stephen O'Connor
Independent Non-Executive Director and Chairman of the Risk Committee

Appointed to the Board in June 2013

Key areas of experience: OTC derivatives, risk management, capital markets, clearing, corporate finance.

Stephen brings international expertise in clearing and counterparty risk management to the Board. He has worked extensively with global regulators in the area of financial services market reform.

Relevant past experience: Stephen was Chairman of the International Swaps and Derivatives Association from 2011 to 2014 having been appointed as a Non-Executive Director in 2009. Stephen also worked at Morgan Stanley in London and New York for 25 years, where he was a member of the Fixed Income Management Committee and held a number of senior roles including Global Head of Counterparty Portfolio Management and Global Head of OTC Client Clearing.

Stephen was a member of the High Level Stakeholder Group for the UK Government’s review of the Future of Computer Trading in Financial Markets and served as Vice-Chairman of the Financial Stability Board’s Market Participants Group on Financial Benchmark Reform. Stephen was formerly a member of the US Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee.  He was a Non-Executive Director of OTC DerivNet Ltd from 2001 to 2013 and was Chairman from 2001 to 2011.

Other current appointments:

Stephen serves as Chairman of Quantile Technologies Limited. He is a member of the Scientific Advisory Board of the Systemic Risk Centre, London School of Economics and Political Science.  Stephen was appointed as a Non-Executive Director of HSBC Bank plc in May 2018 and assumed his role as Chairman in August 2018.

Committee membership:

  • Risk (Chair)
  • Audit
  • Nomination
Val Rahmani
Independent Non-Executive Director

Appointed to the Board in December 2017

Key areas of experience: Technology, technical risk management, corporate governance, strategy, sales and marketing.

Val brings significant expertise and knowledge of technology and technical risk management to the Board gained from almost 30 years with IBM and 4 years as CEO of a cyber security start up.

Val has wide-ranging experience as a senior executive in the technology sector fulfilling the role of general manager, board member, start up mentor, management consultant and public speaker. Val also holds a DPhil in Chemistry from the University of Oxford.

Relevant past experience: Val is a former Non-Executive Director of Aberdeen Asset Management plc and Teradici Corporation.

Other current appointments: Val currently serves as a Non-Executive Director and member of the Audit Committee at RenaissanceRe Holdings Limited. She is also a Non-Executive Director of Computer Task Group Inc, where she chairs the Compensation Committee and serves as a member of the Audit and Governance Committees and a Non-Executive Director of the early stage company, Rungway.

Committee membership:

  • Risk
  • Remuneration
Andrea Sironi
Independent Non-Executive Director

Appointed to the Board in October 2016

Key areas of experience: Finance, financial risk management, banking regulation.

Andrea provides significant banking and finance experience to the Board.

Relevant past experience: Andrea was the Vice Chairman of Banca Aletti & C S.p.A. from April 2009 to October 2012. Andrea was a Non-Executive Director of Banco Popolare Società Cooperativà from October 2008 to May 2013 and SAES Getters S.p.A. from April 2006 to April 2015. He has also been a Member of the Fitch Academic Advisory Board from June 2006 to June 2010.

Other current appointments: Andrea is the Chairman of Borsa Italiana S.p.A., a subsidiary of the London Stock Exchange Group and a Non-Executive Director of Cogentech S.c.a.r.l. Since 1 January 2017, he has been a member of the Board of Cassa Depositi e Prestiti S.p.A. and he is also a Professor of Banking and Finance of Bocconi University, Italy, where he was Rector from 2012 to 2016. Andrea is also an Independent Non-Executive Director of UniCredit Group.

Committee membership:

  • Risk
  • Nomination
Ruth Wandhöfer
Independent Non-Executive Director

Appointed to the Board in October 2018

Key areas of experience: Banking, Financial services, FinTech and Market Regulation.

Ruth brings to the Board significant knowledge of both the business and banking regulatory landscape in addition to considerable expertise in regulatory and technology change within complex businesses.

Ruth’s career spans more than 17 years in financial services which includes a decade spent at the global investment bank, Citi.

Throughout her career, Ruth has been an active member and chair of governmental, regulatory and industry working groups and as a thought leader on the topic of innovation in the Fintech and Regtech space.

Relevant past experience: Ruth was previously Global Head of Regulatory & Market Strategy for Citi Treasury and Trade Solutions from 2012-2018.   Prior to 2012 her other roles at Citi included her appointment as Head of Regulatory and Market Strategy, EMEA from 2010-2012 and Head of Payments Strategy & Market Policy (Treasury &Trade Solutions), EMEA from 2007-2009.

Prior to joining Citi, Ruth worked for the European Banking Federation from 2003-2007 where she was a Policy Adviser for Securities Services and Payments.

Ruth has held a number of industry board and working group positions including Chair of the European Banking Federation’s Payments Regulatory Expert Group, Chair of the BAFT Global Public Policy and Advocacy Committee, member of the Bank of England RTGS Renewal Stakeholder Board and the EU Commission’s Payment Systems Market Expert Group.

Ruth holds a number of undergraduate and graduate qualifications in Economics, Economic Policy, Politics and Law and is a Fintech Fellow of Imperial College Business School

Other current appointments: Ruth is a Non-Executive Director of Pendo Systems Inc. and Permanent TSB Group Holdings PLC. She is a Member of the Advisory Board of the European Association for Biometrics and a Founding Member of the Global Blockchain Business.

Committee membership:

  • Audit
  • Risk