n THE TRADE HO T 100 n www.thetradenews.com 39
n THE TRADE HOT 100
If there’s one thing that has defined Xavier Rolet’s stint as CEO of the London Stock Exchange Group (LSEG), it’s acquisitions.
The group like many exchange operators across Europe found adjust-
ing to the Mifid I landscape challenging and was facing up to reduced
market share amid a period of lower trading volumes, a disastrous combi-
nation for a company that relies on a healthy market for shares.
Upon taking over in 2009, Rolet has set about diversifying LSEG’s busi-
ness with a long list of acquisitions. Notable additions include Millennium
IT, Turquoise, LCH.Clearnet and Frank Russell Company.
All these acquisitions have helped LSEG to become a major player in
many different aspects of trading venue operation.
The model is one that other exchange groups have followed, with
clearing, market data, IT and indices all seen as the new way for exchang-
es to make money in a world where trading volumes seem to be staying
low for good.
The French national certainly has an impressive CV for the job. He
began his career in 1984 at Goldman Sachs, holding roles in both New
York and London, starting out on the international arbitrage desk.
A decade later he joined Credit Suisse First Boston as global head of
European Equities, before heading to Dresdner Kleinwort Benson until the
turn of the century.
He then spent eight years at Lehman Brothers, first as co-head of
global equity trading in New York and then as head of European and Asian
equities in London, before finally becoming CEO of Lehman Brothers in
Paris before its collapse.
This lengthy experience has no doubt given him both the confidence and
experience to run one of the world’s most prestigious stock exchanges. n
Chief executive officer
London Stock Exchange Group
Columbia Business School
MBA International Finance
1982 – 1984
KEDGE Business School
MSc - Management Science
1977 – 1981