London Stock Exchange Group appoints next CEO
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.”
For further information, please contact:
Alessandro Pavesi +39 02 72426.442
Patrick Humphris +44 (0)20 7797 1222
Paul Froud +44 (0)20 7797 3322
Notes to editors
Please see biographical information on Xavier Rolet below:
2000-2008 Lehman Brothers
2007-2008 CEO, France 2003-2007 MD; Head of European Senior Client Relationship Management 2001-2003 MD; Co-Head of Global Equity Capital Markets Origination and Head of European and Asian Equities 2000-2001 MD; Co-Head of Global Equity Trading
1997-2000 Dresdner Kleinwort Benson
Deputy Head of Global Equities; Head of Global Risk and Trading
1996-1997 Bayerische Vereinsbank A.G.
International Equity Strategy Consultant
1994-1996 Credit Suisse First Boston
MD; Head of European Equities
1984-1994 Goldman, Sachs & Co
1990-1994 Co-Head of European Equities Sales & Trading
1984-1990 Vice-President, International Arbitrage
1984 Columbia University
1981 Ecole Superieure de Commerce
Master of Science in Management