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.
"Failure to communicate" does in proposed buyout.
Secondary market activity was down on 2016.
MiFID II reporting is expected to boost European ETFs.
Nasdaq notes movement from in-house technology to managed services and outsourcing.
Costs are rising across all areas of the trading lifecycle.