LSEG : CEO Succession
The Board notes the letter received from TCI Management Limited today.
LSEG has followed a proper governance process to plan an orderly succession for the CEO. The FCA was kept informed throughout the process and emphasised the importance of the plan for an orderly succession.
Xavier Rolet will be providing input into the process to identify his successor and is focussed on his role as CEO until his successor is appointed.
The venue is the first national regulated exchange offering T+0 settlement.
There is a need for institutional-grade liquidity in the digital asset market.
Since the start of 2022 liquidity has shifted to SOFR-based derivatives at an accelerated pace.
LSEG's derivatives venue is closing on 28 January after more than five years of operations.
The regulator said it is considering modernizing its rules related to the definition of an exchange.