London Stock Exchange Group (LSEG) has made two senior appointments to help drive forward its business in North America.
David Weisbrod, currently CEO of LCH.Clearnet LLC – the clearing house’s US arm – will become the group’s country head for the US.
Wisbrod will work with across LSEG to guide and coordinate its relationship with US regulators and public stakeholders. He will also take responsibility for developing and implementing strategic plans across the region, represent the group at key events and oversee the risk, compliance and regulatory agenda in the US.
LSEG has also appointed former Securities and Exchange Commission (SEC) chair Mary Schapiro as a non-executive director. Schapiro was chair of the SEC from 2009 to 2012 and has also held charmanships at the Financial Industry Regulatory Authority and the Commodity Futures Trading Commission.
Chris Gibson-Smith, chairman of LSEG, said: “I am delighted to welcome Mary Schapiro to the Group Board. Mary’s extensive knowledge of the US financial and regulatory landscape, her broad global markets experience, and her understanding of complex financial infrastructure will be of great value to the Group as we continue to grow our global footprint.”
LSEG significantly expanded its US presence at the end of last year when it acquired Russell Investments for $2.7 billion. It has since sold the unit’s investment management business and merged its indexing operations with its FTSE subsidiary.