The FINANCIAL -- London Stock Exchange Group plc on June 11 announces that Mary Schapiro will join the Group Board as a Non-Executive Director, with effect 1 July 2015. Mary brings considerable experience and a deep understanding of US financial markets, which will be of significant benefit to the Group as it expands its operations in North America.
Chris Gibson-Smith, Chairman of London Stock Exchange Group plc, commented:
"I am delighted to welcome Mary Schapiro to the Group Board. Mary’s extensive knowledge of the US financial and regulatory landscape, her broad global markets experience, and her understanding of complex financial infrastructure will be of great value to the Group as we continue to grow our global footprint."
During her distinguished career, Mary Schapiro has held senior regulatory positions including, from 2009 to 2012, the Chairman of the US Securities & Exchange Commission. She has also variously held the Chairmanships of the Financial Industry Regulatory Authority (FINRA), and its predecessor, the National Association of Securities Dealers Regulation, and the Commodity Futures Trading Commission (CFTC). In these roles, Mary has made a significant contribution to shaping US financial regulatory policy as well as overseeing activity within the US financial markets, according to London Stock Exchange.
There are no other matters relating to the new director which would require disclosure under Listing Rules 9.6.13R.
In addition, LSEG is pleased to confirm David Weisbrod has been appointed as the Group’s country head for the USA. In this new role, David will work closely with the business divisions and functions to guide and coordinate LSEG’s relationship with its main regulators and other public stakeholders. He will also focus on the development and implementation of LSEG’s strategic plans across the region, represent the Group at key events, help drive cross-divisional collaboration, and oversee the Risk, Compliance and Regulation agenda in the USA. Mr Weisbrod will continue in his position as CEO of LCH.Clearnet LLC.