WEDNESDAY, 19 SEP 2018

 

CONNECT

Facebook Linked In Twitter
PWC_14/09-21/09_728x90px
GloriaJeans_266x90px
IMH LTD

Syllouris Pays an Official Visit to Hungary

Anastasiades and Tsipras Discuss Bilateral Cooperation and Developments on Cyprus Issue

IMH LTD
GAP_Group_2018_468x60px

INTERNATIONAL

brought to you by CIPA

David Schwimmer Appointed New CEO of London Stock Exchange

David Schwimmer Appointed New CEO of London Stock Exchange

The London Stock Exchange has appointed a new chief executive to replace Xavier Rolet, who quit last November amid a bruising boardroom row, the BBC reports.

David Schwimmer, who has spent 20 years at investment bank Goldman Sachs, will take up the post on 1 August.

The stock exchange described him as "a leader with great experience".

Rolet was asked to leave a year earlier than planned, with one of the firm's biggest shareholders claiming he was forced out.

Under Rolet's leadership, the company's value went from £800m to nearly £14bn, but press reports suggested some staff disliked his management style.

Following the row, the stock exchange announced that its chairman, Donald Brydon, who had faced a shareholder vote on the decision to remove Rolet from the board, would step down in 2019.

Sir Chris Hohn, the hedge fund tycoon whose fund owns more than 5% of the LSE, had pushed for Rolet to remain as the stock exchange's boss and for Mr Brydon to leave instead.

Brydon said he was "delighted" to announce Schwimmer's appointment after "a comprehensive global search".

He added: "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, aged 49, is currently Goldman Sachs' global head of market structure and global head of metals and mining.

"It seems an odd choice to go for an investment banker with little experience in equities, though at least he and [Mr] Rolet have both worked for Goldman Sachs," said Michael Hewson, chief market analyst at CMC Markets.

"I'm sure he will be a good appointment, given his experience at Goldman Sachs, but why he won't be joining until 1 August also seems rather odd.

 

MORE ON INTERNATIONAL

IMF: No-Deal Brexit would Hit UK Economy

The International Monetary Fund has warned that a "no-deal" Brexit on World ...

Apple iPhone XS Unveiled

Apple has updated its iPhone X handset with three more powerful models, two of which are ...

Gordon Brown Warns About the Next Financial Crisis

The world is not ready to deal with another financial crisis, former Prime Minister ...

FROM AROUND GOLDNEWS

   

Meet the experts at the 2nd Cyprus HealthCare Conference Gala Dinner

The 2nd Cyprus HealthCare Conference Gala Dinner which will take place on 27 September 2018 at the European University Cyprus will combine entertainment ...
   

Global Fintech Investment Roars Ahead at a Record Pace in First Half of 2018

Global fintech investment reached US$ 57.9B invested across 875 deals in H1’18, a significant increase from the US$ 38.1B invested in all of 2017, ...
   

12th Cyprus-Russia Gala Organised at the Presidential Palace

The 12th Cyprus-Russia Gala took place at the Presidential Palace in Cyprus on the 15th September 2018 under the high patronage of the First Lady of the ...
   

Cypriot Documentary ‘The Ghost of Peter Sellers’ Wows in Venice and Telluride

The independent Cyprus feature documentary opened to rave reviews at its World Premiere in Venice last week. Hollywood Reporter calling it “Jaw ...
   

2nd Cyprus Open Data Hackathon Crowned with Success

The 2nd Cyprus Open Data Hackathon was held on the 15th and 16th September 2018 with great success in Limassol at the premises of ARIS | A Really Inspiring ...
   

CIA Challenge Exam for ACCA Members

The Institute of Internal Auditors (IIA Global) in collaboration with the Association of Chartered Certified Accountants ...
   

New 100 and 200 Euro Notes Unveiled

The design for the new €100 and €200 bank notes has been unveiled, ahead of entering circulation in May next year, the BBC reports. Both notes ...
   

People at Poverty Risk Drop to 25% of Population in 2017

Data released on Monday 17 September show that people at risk of poverty or social exclusion, dropped in 2017 to 25.2% compared to 27.7%. According to the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Vassos_Eliades_31/08-31/12_300x250px
Dale_Carnegie_Transformation_300x250px

IMH LTD