The London Stock Exchange Group (LSEG) recently announced that it has made changes to the Board of its wholly-owned subsidiary, London Stock Exchange plc (LSE), with Denzil Jenkins to serve as interim CEO following the appointment of Nikhil Rathi as CEO of the UK Financial Conduct Authority (FCA).
In a statement on Monday, the LSEG said that Jenkins will take on the new position effective immediately. He takes on the leading role with more than 25 years of experience working in the financial services industry.
In particular, Jenkins has worked at LSEG, Chi-X Europe, the FCA and Deutsche Bank. Before becoming the Interim CEO, Jenkins was the Global Head of Compliance, LSEG. Prior to this, he was the Head of UK Compliance & Group Regulatory Policy and Chief of Staff to the CEO, London Stock Exchange plc.
Speaking on this development, David Schwimmer, CEO, LSEG, said in the statement: “I’d like to thank Nikhil for his significant contribution to the Group as CEO, London Stock Exchange plc and Group Director of International Development over the last six years. He has broadened our international reach and driven innovation across our markets. We wish him continued success.”
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Michael Findlay appointed as Non-Executive Chair of LSE
In addition to the announcement of the interim CEO of LSE, the Group also announced on Monday that Michael Findlay has been appointed as Non-Executive Chair of LSE as of the 24th of June 2020. He joins the exchange with more than three years of experience working in financial services.
In particular, according to LSEG, Findlay brings a deep knowledge and experience in capital markets and corporate finance. During his career, he has held senior positions at Bank of America Merrill Lynch, Moelis & Company LLP and UBS.
Commenting on the appointment, Don Robert, Chair, London Stock Exchange Group said in the statement: “I would like to welcome Michael to the Group as Chair of London Stock Exchange plc. His extensive capital markets and Board-level experience will enable him to offer valuable insights to London Stock Exchange’s executive team and Board as it continues to develop its business.”
In addition to his new role at the LSE, Findlay also holds other directorships, including being the Non-Executive Director and Chair of the Audit & Risk Committee of Royal Mail plc and Chair of Morgan Sindall Group plc.
“I am delighted to be joining London Stock Exchange plc’s Board as the Non-Executive Chair. I look forward to working with the Board and the executive team to continue to develop the business for the future,” Michael Findlay added in the statement.