TIDMLSE
RNS Number : 7733N
London Stock Exchange Group PLC
22 January 2019
22 January 2019
Information Services Division Leadership Appointments
-- Waqas Samad Appointed Group Director, Information Services Division
-- Mark Makepeace Appointed Non-Executive Chairman, Information Services Division
London Stock Exchange Group ("LSEG", "the Group") today
announces that Waqas Samad is appointed Group Director of the
Information Services Division ("ISD") and a member of the LSEG
Executive Committee, effective immediately. He will report to David
Schwimmer, CEO, LSEG.
As part of this planned succession and transition, Mark
Makepeace will remain with the Group during 2019 and assume the
role of Non-Executive Chairman, Information Services, in addition
to his existing role as Non-Executive Chairman of LSEG in the
Americas region. He will continue to report to David.
Donald Brydon, Chairman, LSEG said:
"In addition to his contribution to LSEG, Mark has made a huge
contribution to the evolution of indices and the development of the
asset management industry. Having been chairman of FTSE in the
1980s and a party to his initial CEO appointment, I can truly say
that he has more than exceeded everyone's expectations at the
time."
David Schwimmer, CEO, LSEG said:
"As the founder of FTSE and a founder and inaugural Chairman of
the Index Industry Association, Mark has been a pioneer in the
development of the global index industry. Mark has successfully
built a world class global business with more than $16 trillion
assets under benchmark to FTSE Russell Indexes. Under his
leadership, the acquisition and integration of Russell Indexes,
Mergent, TMX and Citi Fixed Income Indexes and The Yield Book have
been transformative in expanding the global customer base and
multi-asset capabilities of the business."
"Mark also developed a strong bench of talent and Waqas Samad,
who was recruited by Mark in 2016, is a natural successor to lead
ISD, including FTSE Russell. Waqas will build on the existing
strong business and proven strategy to continue to deliver on our
growth expectations for this business. He will also bring his
industry experience in indices and analytics across all asset
classes to further develop the multi-asset and data analytics
capabilities, as well as continue to deepen our customer
partnership approach."
Mark Makepeace, Group Director of Information Services; CEO,
FTSE Russell and Non-Executive Chairman, LSEG Americas said:
"Over the past thirty years, the index industry has gone through
a period of transformative growth, playing an important role in the
investment management process. I'm proud to have developed FTSE
from a start-up to a global player active in more than 70
countries. FTSE Russell has been a pioneer in facilitating
investment in emerging markets, including among the first to
benchmark China A Shares, and has played a key part supporting
investors' increasing interest in Environmental, Social and
Governance factors. I'm pleased to hand over the leadership of
Information Services to Waqas to further develop it."
Waqas Samad, CEO Benchmarks, FTSE Russell said:
"I'm honoured to be asked to lead this important business area
for the Group. Mark has built a fantastic franchise in FTSE Russell
and it is well positioned to continue to benefit from the
underlying global trends driving both passive and active investment
management strategies globally. More broadly, the Information
Services Division is a great platform and I look forward to further
developing the Group's customer partnership approach and delivering
even greater value and analytical insights for our customers."
For Further Information:
Media: Gavin Sullivan/ Lucie Holloway/ Ramesh
Chhabra +44 (0)20 7797 1222
Investor Relations: Paul Froud +44 (0)20 7797 3322
Notes to Editors:
About Waqas Samad:
Waqas has spent almost 25 years in the financial services
industry, the last 15 of which were in leadership roles in the
index and portfolio analytics industry. As CEO of Benchmarks at
FTSE Russell, Waqas Samad is currently responsible for leading FTSE
Russell's continued global growth into indexes across all asset
classes. He led the firm's expansion in fixed income through the
acquisition of the Citi Fixed Income Indexes and The Yield Book
businesses. He is also responsible for the FTSE Canada business in
North America.
Waqas joined LSEG from Barclays in 2016, where he was CEO of
Barclays Risk Analytics & Index Solutions (BRAIS). Prior to
joining Barclays in 2007, he spent three years at Deutsche Bank as
Head of the Index Research Group in Europe and Asia and he spent
five years at Credit Suisse in a variety of quantitative and
technology roles. Waqas holds a Bachelors' degree in Electrical and
Electronic Engineering from Imperial College and has completed the
Investment Management Programme at London Business School.
Waqas is Chairman of the Index Industry Association.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $16
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
About London Stock Exchange Group:
London Stock Exchange Group (LSEG) is an international markets
infrastructure business. Its diversified global business focuses on
capital formation, intellectual property and risk and balance sheet
management. LSEG operates an open access model, offering choice and
partnership to customers across all of its businesses. The Group
can trace its history back to 1698.
The Group operates a broad range of international equity, ETF,
bond and derivatives markets, including London Stock Exchange;
Borsa Italiana; MTS (a European fixed income market); and Turquoise
(a pan-European equities MTF). Through its platforms, LSEG offers
market participants, unrivalled access to Europe's capital markets.
The Group also plays a vital economic and social role, enabling
companies, including SMEs, to access funds for growth and
development.
Through FTSE Russell, the Group is a global leader in financial
indexing, benchmarking and analytic services with approximately $16
trillion benchmarked to its indexes. The Group also provides
customers with an extensive range of data services, research and
analytics through The Yield Book, Mergent, SEDOL, UnaVista, XTF and
RNS.
Post trade and risk management services are a significant part
of the Group's business operations. In addition to majority
ownership of LCH, a multi-asset global CCP operator, LSEG owns
CC&G, the Italian clearing house and Monte Titoli, a leading
European custody and settlement business.
LSEG Technology develops and operates high performance
technology solutions, including trading, market surveillance and
post trade systems for over 40 organisations and exchanges,
including the Group's own markets.
Headquartered in the United Kingdom, with significant operations
in North America, Italy, France and Sri Lanka, the Group employs
approximately 4,500 people.
Further information on London Stock Exchange Group can be found
at www.lseg.com. The Group's ticker symbol is LSE.L
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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January 22, 2019 05:37 ET (10:37 GMT)
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