The London Stock Exchange Group has announced the appointment of a new group chairman.
Donald Brydon takes up the role following the news that Chris Gibson-Smith is to retire from the board after 12 years as chairman.
Brydon becomes chairman from 1 July 2015 but has already joined the board. Gibson-Smith will remain available as an advisor to the board until the end of August.
The news comes just a week after it was confirmed that Mary Schapiro, the former US Securities and Exchange Commission regulator, was joining the board to expand the LSE’s US business.
In a statement, the outgoing chairman said: “[Brydon’s] significant board experience, knowledge of our dynamic industry and his personal qualities will be invaluable to the ambitious, competitive, global Group that our business has now become.
“It has been an honour and a pleasure to have been chairman of London Stock Exchange Group at such a pivotal time in its long and esteemed history.
“The Group has transformed, to become an international market infrastructure organisation. I have thoroughly enjoyed working with so many talented people within the business, and I shall look forward to continue to watch the Group on its journey, under Donald’s stewardship”.
Brydon added that being asked to take up the role was ‘a real privilege’.