5 December 2017

Co-Authors

Anish Puaar

Vice President    

Justin Schack

Managing Director    

Rosenblatt Securities Inc.    
New York +1 212 607 3100    

TRADING TALK
Rosenblatt's Market Structure News Digest (European Edition)

London Stock Exchange Denies CEO Being Forced Out
—Reuters

London Stock Exchange Group rejected claims by leading shareholder and activist hedge fund TCI that it was forcing out Chief Executive Xavier Rolet, saying on Monday it had followed a “proper governance process”.

Our Take: After weeks of infighting and uncertainty, Xavier Rolet yesterday stepped down as CEO of the London Stock Exchange Group, long before his originally scheduled departure at the end of 2018. The drama swirling around the upper echelons of LSEG threatened to create a lose-lose situation that would have damaged the reputations of the company, its senior management and top shareholders

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