November 20 2023

LSEG appoints Michel-Alain Proch as Chief Financial Officer

London Stock Exchange Group (LSEG) announces today that Michel-Alain Proch has been appointed Chief Financial Officer and a member of the Board of LSEG plc. Reporting to David Schwimmer, he will join LSEG on 26 February 2024 before joining the Board as CFO on 1 March 2024, subject to regulatory approval.  Following publication of the Group’s 2023 Full Year Annual Results on 29 February 2024 Anna Manz will step down from the Board and leave the Group. 

Michel-Alain Proch is currently Group Chief Financial Officer for Publicis Groupe SA where he is a member of the Management Board leading the global finance team across 100 countries. Prior to this, he has held several listed company CFO positions, notably at Ingenico and Atos, where he was also CEO, North America and Group Chief Digital Officer. Michel-Alain is Vice-Chairman of the Board, Maisons du Monde.

Michel-Alain will relocate to London from Paris to take up the role. 

David Schwimmer, CEO, LSEG:

“I’m delighted to welcome Michel-Alain to LSEG. His deep experience across global, financial infrastructure and IT data solutions firms will be invaluable as we deliver against the next stage of our strategic growth. I would also like to wish Anna every success for her next chapter and thank her for the outstanding contribution she has made to the transformation of LSEG.” 

Don Robert, Chair, LSEG:

“Anna has been a valued member of the LSEG Board and I would like to thank her for the key role she has played in the successful delivery of the Group’s strategy over the last three years. We look forward to welcoming Michel-Alain to the Board.”

Michel-Alain Proch:

“It is an exciting time to be joining LSEG as the Group continues its transformation as a leading global financial markets infrastructure and data provider. I look forward to working with David and the entire team to deliver against our strategy and achieve further value for stakeholders.”

Remuneration disclosure

Incoming CFO:

As CFO of LSEG, Michel-Alain will receive a salary of £850,000 with remaining remuneration arrangements aligning to the Remuneration Policy. 

Michel-Alain will also be granted buyout awards to compensate for bonus and unvested equity awards forfeited from Publicis Groupe SA. Buyout awards will align with the timing of the forfeited awards. Quantum for the forfeited FY23 bonus and 2021 and 2022 LTIPs will be based on and validated against Publicis Groupe SA performance outcomes. The forfeited 2023 LTIP will be valued based on a market aligned discount applied to the face value of the award.  Vesting will not be performance contingent.

Departing CFO:

Anna Manz resigned 25 May 2023.  Her remuneration, including any unvested LTIPs, deferred bonuses, buyout awards, cash bonuses, salary adjustments and shareholding requirements, will be treated in accordance with the Company's current Remuneration Policy, the leaver provisions within it, and her service contract. While Anna Manz’s notice period runs until 24 May 2024, her contractual remuneration will cease on her last day worked.  

Full details will be disclosed on the Company's website in due course in compliance with Section 430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report within the Company's Annual Report and Accounts for the year ended 31 December 2023, and subsequent years, as appropriate.

The company confirms there is no further information to be disclosed under the requirements of listing rule 9.6.13R in relation to this appointment.

- Ends -

Notes To Editors

Michel-Alain Proch

2020 – to date Vice Chairman of the Board, Maisons du Monde
Chair of Audit Committee, Member of Nomination & Compensation Committee
2014 – 2017 Non-Executive Director, Worldline
Member of Audit Committee
2021 – to date Publicis Groupe SA
2021 – to date: Group Chief Financial Officer
2019 - 2021 Worldline SA (Ingenico)
2020 – 2021: Senior Advisor to Chairman and Chief Executive Officer
2019 – 2020: Group Chief Financial Officer
2006 – 2019 Atos SE
2018 – 2019: Group Chief Digital Officer
2015 – 2018: Chief Executive Officer, North America
2007 – 2015: Group Chief Financial Officer
2006 – 2007: Group Senior Vice President Internal Audit and Risk Management
1998 - 2005 Hermès International SA
2002 – 2005: Chief Financial Officer, North & South America
1998 – 2002: Group Director of Internal Audit and Finance Controller
1992 - 1998 Deloitte & Touche
Audit Manager
1992 ESC Toulouse, Masters Degree, Finance & Economics 



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About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. 

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.