The London Stock Exchange Group (LSEG) has appointed Alexander Justham as CEO of its UK business – a new position, intended to bring London into line with the rest of the group – as Kevin Milne, head of post-trade services, announces his departure.
While other segments of the LSEG such as its Italian subsidiary Borsa Italiana, its technology subsidiary MillenniumIT, and its multilateral trading facility Turquoise, have each had their own CEO, the London Stock Exchange (LSE) has, until now, lacked its own dedicated CEO.
Justham will take up his new role from June, reporting to group CEO Xavier Rolet. Prior to joining the LSE, Justham worked at UK regulator the Financial Services Authority (FSA) from 2007 to 2011. His most recent role was as director of markets; he also held a number of international positions, including sitting on the management board of the European Securities and Markets Authority. Prior to the FSA, he worked at J.P. Morgan for 17 years, where he held a number of roles, latterly as a managing director at J.P. Morgan Cazenove.
Meanwhile, Milne will leave the group at the end of June. Raffaele Jerusalmi, in addition to his role as CEO at Borsa Italiana, will take responsibility for post-trade services in Italy with Paolo Cittadini as CEO of CC&G and Monte Titoli, reporting to him. The LSE recently expanded its post-trade services portfolio with the acquisition of Anglo-French clearer LCH.Clearnet.
Other senior appointments at the LSEG include David Lester as group director of strategic development, in addition to his role as group director of information services; Antoine Shagoury to the position of group chief operating officer with global responsibilities; and Alastair Walmsley, as head of primary markets. Previously, Walmsley worked at Morgan Stanley and Merrill Lynch in corporate broking and equity capital markets respectively.