The London Stock Exchange Group (LSEG) has shuffled members of its senior management team, with the CEO of its FTSE subsidiary taking a broader information service role.
Mark Makepeace will take the position of group director of information services, encompassing all of the exchange group’s market data and information services businesses, in addition to his responsibilities as head of FTSE. He will report to LSEG CEO Xavier Rolet and also become a member of the group’s executive committee.
Makepeace’s move means David Lester, the current group director of information services, will become group director of corporate strategies. His role will include the development and implementation of core strategies and corporate growth initiatives across LSEG. Lester will also continue as chairman of the Turquoise multilateral trading facility, FTSE and Proquote.
“Mark's international experience, expertise in building and growing successful innovative businesses and strong customer relationship management skills will be invaluable to the wider group,” said Rolet. “David's deep understanding of our business, experience in growing and developing businesses, and in forming collaborative partnerships, will be deployed for the benefit of the whole company as we seek to continue to successfully execute upon our stated strategy.”
The LSE took full control of FTSE in December last year, purchasing the 50% of the company it did not own from Pearson for £450 million.
Newedge bolsters risk team
Meantime, global multi-asset broker Newedge, has appointed Michael Schulz as chief risk officer for its UK office.
His responsibilities will include developing the broker’s risk management framework, in accordance with regulatory requirements.
He will report to Mathieu Giovachini, group chief risk officer and Richard Wilson, CEO of Newedge UK.
Schulz joins from Renaissance Capital in Moscow, where he held the position of group head of risk management.