Chris Corrado to Step Down as LSEG COO and CIO

Replacing Corrado is Anthony McCarthy, who will become the Group’s CIO and David Shalders as COO.

The London Stock Exchange Group plc (LSEG) announced a series of changes to its executive team this Monday. Namely, the stock exchange group revealed that its Chief Operating Officer (COO) would be leaving the group.

Chris Corrado is the current COO and Chief Information Officer (CIO) at LSEG. According to the statement released today, he is leaving the Group in order to pursue other professional opportunities and will leave the firm at the end of the first quarter of 2020.

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Taking Corrado’s place as LSEG’s CIO is Anthony McCarthy, who also holds the same role for LCH, the Group’s clearinghouse, effective from January 1, 2020.

McCarthy joined LCH and the wider stock exchange Group in May of 2017. Prior to this, he spent two decades working at Deutsche Bank. Most recently, he was a Managing Director in IT and the Group CIO from March 2011 to November 2013. 

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Before this, McCarthy was the CIO for Investment Banking Technology within Deutsche Bank’s Corporate and Investment Bank. During his career, McCarthy spent 12 years at Morgan Stanley.

David Shalders names COO of LSEG

David Shalders, on the other hand, has been appointed to the role of COO, which he will assume on the 1st of January 2020. Shalders is already the Chief Integration Officer and a member of the LSEG Executive Committee.

Commenting on the changes David Schwimmer, CEO, LSEG said: “During his four years with LSEG, Chris has successfully further developed the Group’s technology infrastructure and operational resilience capabilities. 

“Chris has attracted a talented group of technology leaders, which allows us to transition the function seamlessly into experienced hands. We wish Chris all the best with his future endeavours. We are delighted that Anthony and David will assume the roles of CIO and COO, respectively, bringing deep technology and operations experience to their new positions.”

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