Chris Corrado to Step Down as LSEG COO and CIO

The London Stock Exchange Group plc (LSEG) announced a series of changes to its executive team this Monday. Namely, the Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term 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.

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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.

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.”