December 07, 2020
Balbir Bakhshi to join LSEG as Chief Risk Officer
London Stock Exchange Group plc (“LSEG” or “the Group”) announces today that Balbir Bakhshi will join the Group as Chief Risk Officer and a member of the LSEG Executive Committee, reporting to David Schwimmer, CEO. He will assume his role on 25 January 2021 succeeding Diane Côté who has informed the Group that she intends to retire around the close of the Refinitiv transaction. Diane will step down as Chief Risk Officer when Balbir starts, remaining with the Group until close to ensure a seamless transition.
Balbir joins the Group from Deutsche Bank, where he is currently Group Head of Non-Financial Risk Management. He also serves on the Supervisory Board of Deutsche Bank Luxembourg S.A. as Chair of Risk Committee. Prior to this, Balbir was Global Head of Operational Risk Management at Credit Suisse and previously held a variety of senior roles at Credit Suisse including UK Investment Banking Chief Risk Officer and Head of Market Risk.
David Schwimmer, CEO, LSEG, said:
“We are delighted to welcome Balbir to LSEG. The Group will benefit greatly from his deep commercial understanding and knowledge of risk management. He will play a key role as the Group continues to develop and grow following the Refinitiv transaction. I would also like to thank Diane Côté for her significant contribution in developing our risk function and enhancing our resilience over the last eight years, and for her work on our diversity and inclusion agenda. We wish her all the best for the future.”
Balbir Bakhshi said:
“I am delighted to be joining LSEG. I look forward to working with David and the wider team with a clear focus on risk management and operational resiliency across its global businesses.”
Notes to editors:
1) Balbir Bakhshi CV
2017 - 2020 Deutsche Bank
2019 – 2020 Supervisory Board Member and Chair Risk Committee, Deutsche Bank Luxembourg S.A.
2017 – 2020 Group Head of Non-Financial Risk Management
1995 – 2016 Credit Suisse
2013 – 2016 Global Head of Operational Risk Management
2013 – 2015 Co-Chair of the Global Managing Directors Promotion Committee
2013 – 2016 Elected to Global Leadership Council
2012 – 2013 UK Investment Banking Chief Risk Officer
2011 – 2012 Managing Director, Head of Strategic Risk Management EMEA
2009 – 2011 Managing Director, Head of Market Risk Group
2005 – 2009 Managing Director, Group Head of Portfolio Risk (Enterprise Risk Management)
1995 – 2005 Various roles within Risk Management
1993 – 1995 LCH
1993 – 1995 Risk Analyst, Business Development
1993 University of Brunel, MSc Business & Finance
1992 University of Westminster, BA (Hons) Business Studies
2) Press release announcing Diane Cote’s retirement.
About London Stock Exchange Group
LSEG (London Stock Exchange Group) is a leading provider of financial markets infrastructure and a global supplier of data and analytics, news and index products.
We help businesses and economies fund innovation, manage their risk and create jobs by supporting customers at every point in the trade lifecycle – from making pre-trade decisions and executing those trades to raising capital and settlement.
With 23,000 people in 70 countries, we draw on 300 years of knowledge and experience to help drive financial stability, empower economies and enable sustainable growth.
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