LSE names Experian’s Donald Robert as next chairman

FAN Editor
FILE PHOTO: London Stock Exchange interiors are seen during Israel's PM Netanyahu's visit in London
FILE PHOTO: London Stock Exchange interiors are seen in London, Britain, November 3, 2017. REUTERS/Eddie Keogh/File Photo

December 14, 2018

(Reuters) – London Stock Exchange Group Plc <LSE.L> said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world’s biggest credit data firm Experian Plc <EXPN.L>.

Robert, who has been Experian’s chairman and a director at the Court of the Bank of England for more than four years, has been appointed as a non-executive director and will take over from Brydon after the company’s annual general meeting in May, LSE said.

Brydon’s exit comes a year after activist hedge fund TCI unsuccessfully tried to oust him over the way he handled the departure of former chief executive Xavier Rolet.

Robert joins LSE at a time when its clearing house LCH Group is at the center of debates about the impact of Brexit on Britain’s finance industry. The European Union and the European Central Bank have been pushing the clearing house to move to the bloc, where they can regulate it directly.

LSE, a 300-year-old institution, named Goldman Sachs’ veteran David Schwimmer as chief executive officer earlier this year, and tasked him with the challenge of helping to navigate Brexit.

Robert will relinquish his roles at Experian and the Bank of England once he joins LSE.

(Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Saumyadeb Chakrabarty)

Free America Network Articles

Leave a Reply

Next Post

GM says it plans to relocate 1,100 factory workers

More than 1,100 General Motors employees have already volunteered to transfer from plants where the automaker is cutting jobs to other GM factories, the company said Friday. GM has about 2,700 job openings at U.S. manufacturing plants in several states, including Michigan and Ohio, the company said. It will also […]