October 14, 2021

LSEG announces further investments in global FX business

Sally Francis-Cole joins as Head of FX Sales, Stephen Best joins as Head of FX Product, and Jill Sigelbaum is taking on a new role as Head of Strategic Development & Partnerships, bringing demonstrated experience in driving growth and product strategy to the FX market.

LONDON – London Stock Exchange Group (LSEG) has announced that Sally Francis-Cole and Stephen Best have joined the leadership of the company’s global FX business, with Jill Sigelbaum taking on a new role on the FX leadership team. 

As Head of FX Sales, Ms. Francis-Cole will lead the global sales and account management teams across the LSEG Capital Markets FX business.  Mr. Best joins LSEG as Head of FX Product, leading responsibility for product strategy and management, product service, and regulatory and risk transformation.  Ms. Sigelbaum will be moving into a newly created role as Head of Strategic Development and Partnerships and will be responsible for identifying partnership opportunities that further support the long-term growth of the FX business.   All will report to Neill Penney, Group Head of FX, LSEG. 

Neill Penney, Group Head of FX, LSEG said: “As a leading provider of FX and Capital Markets solutions, LSEG is committed to making investments that drive growth for our business and greater value for our clients.   The experience Stephen, Sally, and Jill bring across all segments of the FX market deliver on that commitment as we progress towards the next phase in the evolution of our FX business.  We are delighted to have this new team.”

Ms. Francis-Cole has over 25 years’ experience in FX Sales and experience on both the buy-side and sell-side of the industry, most recently, as Global Head of Sales at Record Currency Management.  Prior to Record Currency Management, she was Global Head of FX, Local Markets and Commodity Sales at BNP Paribas.  She has also held roles at UBS, AIG and JP Morgan. 

Mr. Best brings 25 years’ experience in the FX industry in a variety of leadership positions.  Most recently, he led the FX Solutions business at CME.  Mr. Best was also CEO at FX Bridge and has held Managing Director positions at State Street and JP Morgan. 

Ms. Sigelbaum has over 25 years in many senior leadership roles in the FX Fintech sector, and has been Head of FXall since 2018.  

Refinitiv FX offers the world’s leading independent source of trusted FX market insight, interbank and dealer-to-client electronic trading venues, workflow management, and post-trade and regulatory support for both sell-side and buy-side participants.  The company continues to make additional investments in and enhancements across its global FX offering.  In June, Refinitiv announced that FXall would connect to LCH for FX OTC trade clearing, enabling FXall buy-side users to streamline and accelerate access to clearing of FX OTC trades. 

About LSEG

LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. www.lseg.com


Brian Bertsch
Director, Communications