FCA market oversight director named CEO of London Stock Exchange

Julia Hoggett joins the London Stock Exchange as the new chief executive after nearly seven years at the Financial Conduct Authority.

The director of market oversight for the UK’s financial watchdog has been named chief executive officer of the London Stock Exchange (LSE).  

Julia Hoggett joins the London Stock Exchange Group as CEO of the exchange business from the Financial Conduct Authority (FCA) where she worked for nearly seven years, most recently as market oversight director.

She replaces Nikhil Rathi who was recently appointed CEO of the FCA after six years leading the exchange and serving as director of international development. Denzil Jenkins will continue as interim CEO of LSE until Hoggett joins to ensure a smooth transition.

“Having spent my entire career in capital markets, I know the key role they play in providing vital capital to companies and institutions and delivering returns for individual and institutional investors,” commented Hoggett on her appointment. 

“I am delighted to be joining London Stock Exchange plc, and the wider group, at a time when London’s role as a global financial centre is so important. Clean and transparent markets are the underpinning of a vibrant and dynamic marketplace and will remain a huge focus.”

Hoggett worked in several divisions at Bank of America Merrill Lynch across four years including head of covered bonds and financial institutions groups flow financing for EMEA. She began her career at JP Morgan as an investment banker in debt capital markets.

The senior appointment at LSE follows the launch of Turquoise Europe, the London Stock Exchange Group’s (LSEG) European trading venue, on 30 November to continue servicing clients once the Brexit transition comes to an end.

“Julia brings to the Group a deep understanding of primary and secondary markets from both the regulatory and commercial sector. I look forward to working with Julia as we continue to build on our position as a leading financial markets infrastructure business and the world’s international exchange,” added Murray Roos, group director of capital markets at the LSEG.