London Stock Exchange Group has announced the appointment of David Schwimmer as Chief Executive Officer, ending a months-long search for a CEO.
Schwimmer, 49, will join the Group on August 2018 and will be a member of the Board of Directors of the 217-year old bourse. David Warren, interim CEO and Group CFO, will continue as Group CFO.
David Schwimmer joins the Group after a 20-year career at Goldman Sachs, where he was most recently Global Head of Market Structure and Global Head of Metals and Mining in Investment Banking. At Goldman Sachs, he also served as Chief of Staff to then President and COO, Lloyd Blankfein.
Donald Brydon, Chairman, London Stock Exchange Group, said:
“I am delighted to announce David Schwimmer’s appointment after what has been a comprehensive global search conducted by the Board. 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.”
David Schwimmer’s strategic perspective is based on his extensive experience leading diverse and high performing teams in dynamic markets. He has also advised blue-chip corporate clients across sectors and regions on mergers and acquisitions, initial public offerings and other transactions.
David Schwimmer commented on the appointment:
“It is an honour and privilege to be asked to lead London Stock Exchange Group. It is both an iconic institution and a great business. Having worked with exchanges and other market infrastructure companies for much of the past 20 years, I have been impressed by its 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. I look forward to working alongside the Group’s highly capable management team to continue to deliver value for its customers, employees and shareholders.”Xavier Rolet, former CEO of LSEG, abruptly left his position in November 2017 after a public spat between the LSEG Board and shareholder TCI Fund Management.
