LSEG Appoints FinTech Professor Kathleen DeRose as Non-Executive Director - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Kathleen DeRose, LSEG Independent Non-Executive Director

LSEG Appoints FinTech Professor Kathleen DeRose as Non-Executive Director

December 30, 2018
Kathleen DeRose, LSEG Independent Non-Executive Director
Kathleen DeRose, LSEG Independent Non-Executive Director

The Board of Directors at London Stock Exchange Group (LSEG) has appointed Professor Kathleen DeRose as an Independent Non-Executive Director, effective immediately.

Her 30-year career in the capital markets industry, including executive roles at Credit Suisse, Deutsche Bank, and Chase Manhattan Bank, will prove much useful as LSEG aims to the top in its line of business.

Donald Brydon, Chairman of London Stock Exchange Group, commented:

“I am delighted to welcome Kathleen DeRose to the Board of LSEG. Kathleen brings extensive FinTech experience to the role as well as a strong background in asset management. Her understanding and knowledge of how global financial markets are adapting to new technology will be of great benefit to the Group as we continue to develop our business.”

Donald Brydon, Chairman, London Stock Exchange Group
Donald Brydon, Chairman, London Stock Exchange Group

DeRose is currently a Clinical Associate Professor of Finance at New York University’s Stern School of Business. There, she mainly focuses on financial technology curriculum, including FinTech corporate research projects and ecosystem building.

A board member and founding investor at Evolute AG, a Swiss wealth technology company, her past career includes roles as advisory member at Go Beyond Investing, Managing Director at Credit Suisse, Head of Portfolio Management and Research at hedge fund Hagin Investment Management, Managing Director at Bessemer Trust, Managing Director at Deutsche Bank, and Vice President at Chase Manhattan Bank.
Following a BA of American History from Princeton University in 1983, DeRose an MBA from New York University – Leonard N. Stern School of Business, and a Master’s Degree in Contemporary Chinese Studies from the University of Oxford, having won the Humphrey Ko prize for the best master’s thesis in 2015.
London Stock Exchange Group LSEGIn November 2018, London Stock Exchange Group (LSEG) announced that Thomas K. (Tom) Dunlap has joined as Chief Data Officer (CDO) for its Information Services Division, which includes leading global index provider FTSE Russell.
In October 2018, LSEG entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1% of LCH’s share capital which is expected to take its majority ownership to over 80%, with a total cash consideration payable by LSEG to be up to a maximum of €438m.

Q3 reported revenue up 5% and total income up 8% to £522 million; on a like-for-like basis, excluding a £9 million year-to-date accounting change impact on adoption of IFRS15 in Capital Markets. Revenue would have been up 7% and total income up 9%

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