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London Stock Exchange CEO Xavier Rolet steps down with immediate effect

Rolet is credited with turning the LSE into a more solid, diversified exchange group

Reuters  |  London 

The London Stock Exchange said its chief executive, Xavier Rolet, has left after the bourse's clash with a top shareholder dragged in the Bank of England. LSE chairman Donald Brydon has indicated he will not stand for re-election at the annual general meeting in 2019, the exchange said in a statement on Wednesday. LSE Chief Financial Officer, David Warren, will replace Rolet on an interim basis. The exchange faces a tricky time as Britain navigates its departure from the European Union and risks losing a chunk of its derivatives clearing business to the continent. Rolet ...

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First Published: Wed, November 29 2017. 14:58 IST