25 March 2015

London Stock Exchange Group Board Changes

London Stock Exchange Group plc (LSEG) today announces that Robert Webb QC, Senior Independent Director and Chairman of the Remuneration Committee, will step down from the Board following LSEG's Annual General Meeting on 29 April 2015. He has been a Non-Executive Director of the Group for 14 years.

Paul Heiden, Non-Executive Director and Chairman of the Board's Audit Committee, today becomes Senior Independent Director and Sherry Coutu CBE, Non-Executive Director, becomes Chair of the Group's Remuneration Committee. 

Chris Gibson-Smith, Chairman of London Stock Exchange Group plc, commented:

"On behalf of the Board and the business, I would like to thank Robert for his insight, his guidance, intellect and good humour over many years on the Board of London Stock Exchange Group. We warmly thank him and wish him well in all his future endeavours. I am delighted to welcome Paul to the role of Senior Independent Director and Sherry as Chair of the Remuneration Committee. Both these roles are critical to the ongoing success, competitiveness and management of our business and I look forward to continuing to work with them both."

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For further information:

Notes to editors:

Paul Heiden - Biography

Paul was appointed to the Board of London Stock Exchange Group plc in June 2010 and is Chairman of the Audit Committee and member of the Risk and Nomination Committees.

Paul is a Non-Executive Director of Meggitt plc and Non-Executive Chairman of Intelligent Energy Holdings plc.

Previously Chairman of Talaris Topco Limited from 2009 to 2012, Non-Executive Director of United Utilities Group plc from 2006 to 2013 and Chief Executive Officer of FKI plc from 2003 to 2008. Paul was an Executive Director of Rolls-Royce plc from 1997 to 1999 and Group Finance Director from 1999 to 2003. He has also had previous senior finance roles at Hanson plc and Mercury Communications and was a Non-Executive Director of Bunzl plc from 1998 to 2005 and Filtrona plc from 2005 to 2006

Sherry Coutu CBE - Biography

Sherry was appointed to the Board in January 2014. She is Non-Executive Director of Cambridge Temperature Concepts, Cambridge Assessment, Cambridge University Press, Zoopla Property Group Plc, Raspberry Pi, and Artfinder. Sherry is also an External Non-Executive Director of Cambridge University and a Member of the Finance Committee. She is the author of UK Government commissioned 'Scale-Up Report' (2014).

Previously, she was an Investor and Director of New Energy Finance from 2006 to 2009 and Director of Jarvis Plc from 2001 to 2003. From 1998 to 2007 she was Non-Executive Director and Senior Independent Director of RM Plc, where she also served as Chairman of the Remuneration Committee and a Member of the Audit Committee.

From 2006 to 2010, Sherry was a Trustee of NESTA National Endowment for Science, Technology and Arts. In 1995, Sherry founded Interactive Investor International Plc and served as CEO and Chairman from 1995 to 2001. She was also UK Managing Director of ISI Emerging Markets from 1994 to 1995.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world's leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group's business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group's newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world.  The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group's own markets, over 35 other organisations and exchanges use the Group's MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people. Further information on London Stock Exchange Group can be found at www.lseg.com