The director of the capital markets segment at the London Stock Exchange Group (LSEG) is due to step down from his position by the end of the year.
LSEG confirmed in a statement that Raffaele Jerusalmi announced his intentions to step down from the role, but will continue to lead Borsa Italiana in his current role as CEO.
Jerusalmi will also remain an executive director of the board of LSEG, and a member of the exchange group’s executive committee, reporting to Group chief David Schwimmer. LSEG’s capital markets business consists of its electronic trading platforms for equities, bonds and derivatives, including Turquoise, MTS and CurveGlobal.
“Over the past ten years, it has been a great privilege to lead a talented global team to contribute to the successful growth and development of the Group’s Capital Markets business,” Jerusalmi commented. “We have successfully developed a strong business across our portfolio of primary and secondary markets businesses.
“From our flagship markets of London Stock Exchange plc and Borsa Italiana to our businesses run in partnership with customers, including MTS, Turquoise and CurveGlobal, we have focused on driving innovation across our markets to benefit stakeholders with a number of new products and services across equities, fixed income ETPs and derivatives.”
LSEG added that it will undertake a global search for a new director of its capital markets franchise, and Jerusalmi will continue in the role until then.
“Raffi has made a tremendous contribution to the Group. He was instrumental in the merger between Borsa Italiana and London Stock Exchange in 2007 and has played a key role building a world class capital markets business,” LSEG Group CEO, David Schwimmer, commented. “I look forward to continuing to work with him in the future as he continues to contribute to the Group’s success in Italy. Borsa Italiana is a core part of the Group and we are committed to further developing and investing in our business in Italy.”