Xavier Rolet, the current chief executive officer at the London Stock Exchange Group (LSEG), has confirmed his intentions to depart by the end of December 2018.
Rolet has been in the role for nine years and has been responsible for the growth in LSEG’s market capitalisation from £800 million to almost £14 billion today.
LSEG said the board has initiated a process to find a successor and will work closely with Rolet to ensure a smooth transition.
“By adhering to our core values of partnership, innovation, open access and integrity, we have shown the hugely positive contribution capitalism can make to all of society,” Rolet commented.
“But even the most transformational global strategy could not be possible without a dogged and professional focus on execution and I continue to be in the debt of all my friends and colleagues at LSEG who have made and continue to make it happen.”
Donald Brydon, chairman of LSEG, added that under Rolet’s leadership, LSEG has been transformed in scale to become a truly diversified and international leader in financial market infrastructure.
“I am delighted that Xavier will remain as CEO and continue to lead the company until his successor is appointed. LSEG remains well positioned for the opportunities ahead and remains confident of delivering further success and value for shareholders,” he said.