LSEG Announces String of Management Changes

The London Stock Exchange Group (LSEG) has announced a number of personnel changes at board and management level.

In the first of the high-profile moves at the bourse group, chief financial officer and executive director Doug Webb will stand down from his role, to be replaced by Nasdaq OMX veteran David Warren. LSEG has also appointed Alexander Justham as the CEO of the regulated London Stock Exchange (LSE). Justham, most recently, was the director of markets at the Financial Services Authority (FSA), which is set to split into two regulatory bodies later this year. He will assume responsibility for UK regulation, regulatory strategy and government and public relations, reporting to the LSEG board.

Former CIO Antoine Shagoury, profiled earlier this year in Waters, will move to the position of group chief operating officer, with a global remit for business operations as well as existing responsibilities for technology. LSEG has also appointed David Lester as its group director of strategic development.

In other departures, director of post-trade services Kevin Milne will leave by the end of June, while Tracey Pierce, head of primary markets, will also step down from her role after ten years with LSEG. She will be replaced by Alastair Walmsley, previously executive director, corporate broking at Morgan Stanley.

In the final senior announcement, Catherine Johnson has been promoted to the newly-created position of group general counsel.