LSEG Shareholder Upsets Previously Announced Succession Plan Xavier Rolet stepped down as CEO of the London Stock Exchange Group (LSEG) on Nov. 29 “with immediate effect,” reports the LSEG board, following a controversial move by a key LSEG shareholder. Rolet’s temporary replacement is David Warren, current chief financial officer (CFO) for the LSEG, who will… Read More >>
Cris Conde to Advise Duco CEO
Conde to Also Advise Duco Board Former president and CEO of SunGard Cristóbal Conde has joined Duco, which describes itself as a self-service data normalization and reconciliation services provider, as an advisor to Duco CEO Christian Nentwich and to the board of directors, officials say. FIS Global (Fidelity National Information Services Inc.) acquired SunGard in… Read More >>
U.K. Prime Minister Sets Hard Deadline for Brexit
After much speculation, U.K. Prime Minister Theresa May finally drew a line in the sand announcing that Article 50 would be invoked before the end of March 2017. While Brexiteers cheered that a deadline was set, moderates and remain voters were dismayed as the British pound hit a new three-month low on Monday, Oct. 3,… Read More >>
ICE Mulls Move to Buy London Stock Exchange
Intercontinental Exchange (ICE) officials are acknowledging “recent press speculation” that they may put forth an offer to buy the LSEG, which has gone public with its potential merger of two equals with Deutsche Börse. As outlined by LSEG and Deutsche Börse officials, the potential merger would be “structured as an all-share merger of equals under… Read More >>
