London exchange appoints David Schwimmer as new CEO

The London Stock Exchange Group (LSEG) has appointed David Schwimmer as its new CEO.

Schwimmer will begin his new role on August 1, succeeding Xavier Rolet who stepped down following a boardroom battle. Schwimmer will become a member of the board of directors.

Schwimmer has been with Goldman Sachs for 20 years, most recently as global head of market structure and global head of metals and mining in investment banking. He also served as chief of staff to then president and COO Lloyd Blankfein, and spent three years in Moscow as co-head of Goldman Sachs’ business for Russia/CIS.

LSEG chair Donald Brydon says in statement the appointment had been made after a ‘comprehensive global search’.

He adds: ‘David is a leader with great experience in the financial market infrastructure sector, which he has been closely involved in throughout his investment banking career, as well as capital markets experience in both developed and emerging markets. He is well known for his robust intellect and partnership approach with clients and colleagues alike.’

Schwimmer says in the announcement: ‘It is an honor and privilege to be asked to lead [LSEG]. It is both an iconic institution and a great business. Having worked with exchanges and other market infrastructure companies for much of the past 20 years, I have been impressed by [LSEG’s] strong track record of partnering with customers to deliver innovative solutions.’