London Stock Exchange Group appointments reinforce Group focus on North America

London Stock Exchange Group appointments reinforce Group focus on North America

  • Mary Schapiro appointed as Non-Executive Director to LSEG Board
  • David Weisbrod becomes LSEG USA Country Head
  • Reflects growing importance of region for LSEG

London Stock Exchange Group plc ("LSEG" or the "Group") today announces that Mary Schapiro will join the Group Board as a Non-Executive Director, with effect 1 July 2015. Mary brings considerable experience and a deep understanding of US financial markets, which will be of significant benefit to the Group as it expands its operations in North America.

Chris Gibson-Smith, Chairman of London Stock Exchange Group plc, commented:

"I am delighted to welcome Mary Schapiro to the Group Board. Mary’s extensive knowledge of the US financial and regulatory landscape, her broad global markets experience, and her understanding of complex financial infrastructure will be of great value to the Group as we continue to grow our global footprint."

During her distinguished career, Mary Schapiro has held senior regulatory positions including, from 2009 to 2012, the Chairman of the US Securities & Exchange Commission. She has also variously held the Chairmanships of the Financial Industry Regulatory Authority (FINRA), and its predecessor, the National Association of Securities Dealers Regulation, and the Commodity Futures Trading Commission (CFTC). In these roles, Mary has made a significant contribution to shaping US financial regulatory policy as well as overseeing activity within the US financial markets.

There are no other matters relating to the new director which would require disclosure under Listing Rules 9.6.13R.

In addition, LSEG is pleased to confirm David Weisbrod has been appointed as the Group’s country head for the USA. In this new role, David will work closely with the business divisions and functions to guide and coordinate LSEG’s relationship with its main regulators and other public stakeholders. He will also focus on the development and implementation of LSEG’s strategic plans across the region, represent the Group at key events, help drive cross-divisional collaboration, and oversee the Risk, Compliance and Regulation agenda in the USA.  Mr Weisbrod will continue in his position as CEO of LCH.Clearnet LLC. 


- Ends -


For further information:

Victoria Cowley - Media - +44 (0)20 7797 1222
Paul Froud - Investor Relations - +44 (0)20 7797 3322

Notes to editors:

Mary Schapiro
Current board roles

2014 to date Vice-Chairman, Sustainability Accounting Standards Board (SASB)
2014 to date Vice-Chairman, advisory board, senior adviser Promontory Financial Group LLC
2013 to date General Electric Co

Former board roles
2001 - 2009 Kraft Foods
2006 - 2009 Duke Energy Corp
1999 - 2006 Cinergy Corp

Summary of experience

2015 – to date Senior Advisor for Governance and Regulatory Matters, Hudson Executive Capital
2014 – to date Advisory Board Member, SpruceView Capital
2013 - 2014 Managing Director, Governance and Markets, Promontory Financial Group LLC
2009 - 2012 Chairmanship, US Securities & Exchange Commission
1996 - 2009 Various roles including, CEO and Chairmanship of Financial Industry Regulatory Authority FINRA and its predecessor the National Association of Securities Dealers Regulation Inc (NASDR)
1994 - 1996 Chairman, Commodity Futures Trading Commission
1993 - 1994 Acting Chairman, US Securities & Exchange Commission
1988 - 1994 Commissioner, US Securities & Exchange Commission
1984 - 1988 Senior Vice President and General Counsel, Futures Industry Association
1980 - 1984 Assistant to the Chairman and Counsel, Enforcement Division, Commodity Futures Trading Commission

George Washington University Law School - JD, 1980
Franklin and Marshall College, Lancaster, PA - BA, Anthropology, 1977

David Weisbrod
Summary or experience

2013 to date Chief Executive Officer, LCH.Clearnet LLC, USA
1973 – 2012 JP Morgan Chase

  • Vice Chairman, Risk Management
  • Chief Risk Officer, Treasury & Securities Services
  • Credit Policy Officer, Asia & Middle East Banking
  • Corporate Banking Manager, Asia & Middle East Banking
  • Credit Executive, Real Estate Finance Division
  • Corporate Credit Audit Executive
  • Senior Vice President, Risk Management, Treasury Services
  • Managing Director, Credit Risk

Former board roles

2007 – 2013 DTCC, Member Of The Board Of Directors & Chairman of Board Risk Committee
2011 – 2013 CLS Group Holdings & CLS Bank International, Director

Mr Weisbrod also previously represented JPMorgan as a member of the New York Federal Reserve Bank's Payments Risk Committee.


MBA, New York University, USA
Bachelor of Arts, Cornell University, USA

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world.  The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people. Further information on London Stock Exchange Group can be found at