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Hiring outsiders at the London Stock Exchange (Update)

Today, the FT reckons it’s ex-Lehman Bros Xavier Rolet taking over at the London Stock Exchange (LSE). 

Xavier sat on the LSE’s strategy group and headed Lehmans’ French business.  He was a senior relationship manager for Lehman Brothers when he was based in London, and led relations with the exchanges across Europe, including Euronext and the Deutsche Bourse.

Prior to joining Lehmans, he had been an equity trader at Goldman Sachs and previously with Dresdner Kleinwort.


Original posting from 8th January:

Interesting conjecture over at the Financial Times that Dame Clara Furse, CEO of the London Stock Exchange, will be succeeded by an outsider. 

Two top names in the frame are Alasdair Haynes, Chief Executive of
broker ITG; and Bob Wigley, the departing European Chairman of Merrill
Lynch.

This is based upon the trend to pick CEO outsiders at most Exchanges:

  • The Toronto Stock Exchange chose Thomas Kloet, formerly of broker Fimat;
  • The Chicago Board of Trade appointed
    Bernard Dan, formerly of Cargill Investor Services; and
  • NYSE Euronext chose Duncan Niederauer, a Goldman Sachs guy, to replace John Thain (also Goldman).

Whoever gets this job has a bit of a challenge after the battering of the LSE over the past year.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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  • bing wilson

    Want to know the reason why Clara Furse contract has not been renewed.
    How many company has up their revenues and profits so consistently for so many year ? And in very challenging economic circumstances !.
    Well, what does the board replace her with . An ex stock broker –no matter what title it comes in still an ex stock broker and ex Lehman . Wow! what a decision from a bunch old fuddies club– the board.

  • Chris Skinner

    Actually Bing, it’s because Dame Furse has not kept up with the post-MiFID environment which Mr. Rolet is being targeted specifically to address.
    See:
    http://thefinanser.co.uk/fsclub/2008/11/the-battering-o.html
    Chris

  • Chris Skinner

    Actually Bing, it’s because Dame Furse has not kept up with the post-MiFID environment which Mr. Rolet is being targeted specifically to address.
    See:
    http://thefinanser.co.uk/fsclub/2008/11/the-battering-o.html
    Chris