David Schwimmer, a Goldman Sachs veteran, is the new CEO of the London Stock Exchange and takes charge on August 1.
The 49-year-old has extensive experience leading diverse and high performing teams in dynamic markets. He also brings deep experience in capital markets, having advised blue-chip corporate clients across sectors and regions on mergers and acquisitions, initial public offerings and other transactions.
“It is an honour and privilege to be asked to lead London Stock Exchange Group,” said the American. “It is both an iconic institution and a great business. Having worked with exchanges and other market infrastructure companies for much of the past 20 years, I have been impressed by its strong track record of partnering with customers to deliver innovative solutions. LSEG has multiple opportunities for further attractive growth across its market leading capital formation, information services and post trade businesses.”
Most recently, Schwimmer was Global Head of Market Structure and Global Head of Metals and Mining in Investment Banking at Goldman Sachs where he began his career in the Financial Institutions Group, focusing on Market Structure, Brokerage and Trading. He also served as Chief of Staff to then President and COO, Lloyd Blankfein, and spent three years in Moscow as Co-Head of Goldman Sachs’ business for Russia/CIS.
Donald Brydon, chairman of the London Stock Exchange Group, said: “I am delighted to announce David Schwimmer’s appointment after what has been a comprehensive global search conducted by the Board. 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.”
David Warren, Interim CEO and Group CFO, will continue as Group CFO and a member of the Board.