LSEG announces appointment of new Chairman
London Stock Exchange Group (the “Group”) today announces that Donald Brydon CBE has been appointed as the Group’s new Chairman.
Following the announcement in 2014 that Dr Chris Gibson-Smith, after 12 years as Chairman, would retire from the Board in 2015 once a successor had been found, Donald Brydon joins the Board with immediate effect and becomes Chairman, effective 1 July 2015. Dr Gibson-Smith will step down from the Board on 1 July, but will remain available to advise the Board until 31 August 2015.
Chris Gibson-Smith said: “I am delighted that Donald will be joining the Board of London Stock Exchange Group, and succeeding me as Chairman. His significant board experience, knowledge of our dynamic industry and his personal qualities will be invaluable to the ambitious, competitive, global Group that our business has now become.
“It has been an honour and a pleasure to have been Chairman of London Stock Exchange Group at such a pivotal time in its long and esteemed history. The Group has transformed, to become an international market infrastructure organisation, defined by its partnership approach, its clear and focused strategy and its growth. I have thoroughly enjoyed working with so many talented people within the business, and I shall look forward to continue to watch the Group on its journey, under Donald’s stewardship”.
Donald Brydon said: “Being asked to become Chairman of one of the world’s most respected and ambitious financial organisations is a real privilege. I am looking forward to working with a great team and playing my part in helping guide London Stock Exchange Group to further success”.
There are no other matters relating to the new director which would require disclosure under Listing Rules 9.6.13R.
For further information, please contact:
Press Office +44 (0)20 7797 1222
Investor Relations +44 (0)20 7797 3322
Notes to Editors:
About Donald Brydon, CBE
Current publicly quoted company roles
2012 - to date Chairman, Sage Group Plc
2009 - to date Chairman, Royal Mail Plc (retires August 2015)
Donald Brydon also currently sits on the Board of a number of private companies and charities.
Selected former publicly quoted company roles
Chairman - Smiths Group Plc, London Metal Exchange, Taylor Nelson Sofres, Amersham Plc and Everychild
Non-Executive Director - Scottish Power Plc, AXA UK Plc, Aberdeen UK Tracker Trust Plc, Allied Domecq Plc
Selected executive career
1997-2002 Chief Executive Officer, Axa Investment Managers SA
1996 Deputy Chief Executive, Barclays de Zoete Wedd (BZW)
1994-1996 Acting Chief Executive. Barclays de Zoete Wedd (BZW)
1991-1994 Chief Executive and Chairman, BZW Investment Management Ltd
1988-1991 Managing Director, BZW Investment Management Ltd
1986-1988 Director, International, BZW Investment Management Ltd
1981-1986 Director, Barclays Investment Management
1967 BSC Mathematical Science, University of Edinburgh
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 T2Sready 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 Russell offers 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 www.lseg.com