The London Stock Exchange Group (LSEG) has tapped Donald Brydon as its newest Group Chairman, following the retirement of Chris Gibson-Smith, according to an LSEG statement.
The succession and transition has long been in place pending the selection of a candidate, which now has been fulfilled with the appointment of Mr. Brydon. As a result, Mr. Brydon’s chairmanship will become effective on July 1, 2015. Consequently, Mr. Gibson-Smith will relinquish his spot on the board on the same date but will remain in an advisory capacity until August 31, 2015.
According to Mr. Gibson‐Smith in a recent statement on the transition: “I am delighted that Donald will be joining the Board of London Stock Exchange Group, and succeeding me as Chairman. His significant board experience, knowledge of our dynamic industry and his personal qualities will be invaluable to the ambitious, competitive, global Group that our business has now become.”
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Moreover, “It has been an honour and a pleasure to have been Chairman of London Stock Exchange Group at such a pivotal time in its long and esteemed history. The Group has transformed, to become an international market infrastructure organisation, defined by its partnership approach, its clear and focused strategy and its growth. I have thoroughly enjoyed working with so many talented people within the business, and I shall look forward to continue to watch the Group on its journey, under Donald’s stewardship,” he added.
“Being asked to become Chairman of one of the world’s most respected and ambitious financial organisations is a real privilege. I am looking forward to working with a great team and playing my part in helping guide London Stock Exchange Group to further success,” reiterated Mr. Brydon in an accompanying statement.
As for the LSEG, this is the second high profile move in less than a week. The group added Mary Schapiro to its Group Board as a Non-Executive Director. Ms. Schapiro joins LSEG’s board after an extensive career in the financial industry, including a number of senior level regulatory positions.
LSEG plc is a UK-based stock exchange behemoth and financial information conglomerate. The group is headquartered in London and owns the Borsa Italiana, MillenniumIT and London Stock Exchange.