Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

World

London Stock Exchange chief to step down at end of 2018

Associated Press
Published | Updated

LONDON – The London Stock Exchange has announced that its chief executive plans to step down by the end of 2018.

Xavier Rolet has headed the London exchange for nearly nine years. The London Stock Exchange Group PLC says it's searching for Rolet's successor and will "work closely" with him to ensure a smooth transition.

The London exchange's chairman, Donald Brydon, hailed Rolet's "remarkable achievements" by saying that "under his leadership, LSE Group has been transformed in scale to become a truly diversified and international leader in financial markets infrastructure."

Rolet said that "I am extremely proud of all we have done together in just under a decade to turn LSE Group into a truly global financial market infrastructure group."