Bengaluru — London Stock Exchange Group says CEO Xavier Rolet will leave the bourse operator by the end of December 2018, just less than a decade after he took the helm at the firm. LSE said it would start looking for his successor immediately. Rolet, who joined the group from Lehman Brothers, said in 2016 that he would leave the group if a merger with Deutsche Boerse went through. However, the collapse of the deal in March meant he opted to stay on for longer. Under the Frenchman’s leadership, the exchange has completed a string of deals including buying up the FTSE Group and clearing house LCH Clearnet. But his attempts to make truly transformative deals eluded him. LSE walked away from an attempted takeover of the Toronto stock exchange in 2011 in the face of a rival bid from Canadian banks, while competition regulators thwarted his bid to merge with Deutsche Boerse. Rolet took over at LSE from Clara Furse in May 2009, with his banking background making him a popular choice among...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.