Changes to Board of Directors of London Stock Exchange Group plc

Changes to Board of Directors of London Stock Exchange Group plc


London Stock Exchange Group plc (LSEG) today announces that, following the announcement that Paolo Scaroni is to become deputy chairman of Rothschild, he will not be seeking re-election as a director at LSEG’s Annual General Meeting on 16 July 2014 and will step down from the Board on that date. Mr Scaroni has been an Independent Non-Executive Director of LSEG since the merger with Borsa Italiana in October 2007 and has held the position of Non-Executive Deputy Chairman and Senior Independent Director since September 2010.

Chris Gibson-Smith, Chairman of London Stock Exchange Group commented:
“I would like to thank Paolo Scaroni for his significant contribution to the LSEG board over the past seven years as a director and deputy chairman. Paolo has brought deep business experience to the role since the merger with Borsa Italiana and has provided sound counsel throughout the delivery of the Group’s successful diversification strategy. The Board wishes Paolo well in his new role at Rothschild.” 

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For further information:

Lucie Holloway                  +44 (0)20 7797 1222

Investor Relations
Paul Froud                         +44 (0)20 7797 3322

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

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 the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 40 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.