LSEG FX, the foreign exchange division of the London Stock Exchange Group (LON: LSEG), appointed Gavin Wells as its new Chief Operating Officer (COO). Wells, an industry veteran with extensive experience in FX markets, rejoins LSEG when the company is boosting its FX services and trading platforms.

An Experienced Industry Executive

Wells first joined LSEG in 2008 and spent nearly a decade leading post-trade businesses such as ForexClear and CDSClear. “I am starting a new position as COO FX at LSEG (London Stock Exchange Group), working with an excellent group of people in one of the market's best businesses,” Wells mentioned in a post on LinkedIn.

Following his tenure at LSEG, he moved to Deutsche Börse's 360T, where he contributed to the growth of its institutional FX division from 2020 to 2023. Last summer, he rejoined LSEG on a contract basis to oversee the transformation of its FX business, a role that has now evolved into a permanent leadership position.

LSEG FX Targets Expansion with New Appointments

LSEG FX operates a broad range of FX services, including electronic trading venues such as FXall, FX Matching, PriceStream, NDF Matching, MTF, and SEF. The division also provides FX reporting, compliance, clearing services, and trading workflow solutions. With Wells at the helm as COO, the company is expected to focus on optimizing these services to meet evolving market demands.

Last year, LSEG FX made another change in its leadership. After spending five years with LSEG's Refinitiv, Adam Collins moved to the Capital Markets division of LSEG FX last year to serve as the Head of Sales. According to the company's announcement, its main Focus is on the foreign exchange market.

Prior to joining LSEG FX, Collins had served with Refinitiv since 2019 as the Head of Sales. Before that, he gained experience at Bloomberg LP, initially as the eFX Bank Liquidity Relationship Manager.