David Schwimmer joins London Stock Exchange Group as new CEO

LSEG’s former boss left a year earlier than planned after a boardroom battle with shareholders unhappy about his departure: PA

London Stock Exchange Group (LSEG) has appointed David Schwimmer as chief executive, ending a long search for a replacement for previous boss Xavier Rolet.

Mr Rolet stepped down in November 2017, a year earlier than originally planned, after a boardroom battle with shareholders unhappy with the departure.

Mr Schwimmer joins from Goldman Sachs, where he has worked for 20 years, most recently as global head of market structure and of metals and mining in its investment banking operation. He also previously served as chief of staff to Goldman boss Lloyd Blankfein when he was president and COO at the bank.

“David is a leader with great experience in the financial market infrastructure sector, which he has been closely involved in throughout his investment banking career, as well as capital markets experience in both developed and emerging markets. He is well known for his robust intellect and partnership approach with clients and colleagues alike,” said Donald Brydon, chair of LSEG.

Mr Schwimmer said: “Having worked with exchanges and other market infrastructure companies for much of the past 20 years, I have been impressed by (LSEG’s) strong track record of partnering with customers to deliver innovative solutions.

“LSEG has multiple opportunities for further attractive growth across its market leading capital formation, information services and post trade businesses.”