Stock market boss to stand down by end of next year
London Stock Exchange boss Xavier Rolet is to stand down by the end of 2018 after nearly a decade at the helm.
The LSE said it is launching the search for his successor and will “work closely” with Ro let to ensure a“smooth transition”.
The London bourse praised his“extraordinary success” leading the group since his appointment in May 2009, during which time its stock market value has soared from £ 800 million to nearly £ 14 billion.
His tenure has seen the LSE seal a string of acquisitions, althoughit was mar red by the recent failed attempt at a £ 21bn merger with German rival Deutsche Borse to create a European trading powerhouse after it was blocked by the European Commission in March.
Donald Brydon, chairman of LSE Group, said: “There will be many opportunities ahead to celebrate Xavier’s remarkable achievements.”
Th eLSE said Q 3 revenues were up 18 per cent at £ 443m.