January 25, 2021

Change at the top for London Stock Exchange Group

London Stock Exchange Group (LSEG) has made pair of executive appointments, with Julia Hoggett arriving as CEO of London Stock Exchange, and Balbir Bakhshi as chief risk officer of the group.

Julia Hoggett, incoming LSE CEO

Hoggett takes over at London Stock Exchange – the regulated subsidiary of the LSEG –  from interim CEO Denzil Jenkins. She will report to Murray Roos, group director of capital markets.

She joins from the UK’s Financial Conduct Authority (FCA), where she was most recently director of market oversight.

Prior to joining the FCA in 2014, she spent four years at Bank of America Merrill Lynch (BAML).

Hoggett steps into her role as the first openly gay person to serve in the top job at the exchange. She has been an active champion for LGBTQ+ and womens’ rights for many years.

“Having spent my entire career in capital markets, I know the key role they play in providing vital capital to companies and institutions and delivering returns for individual and institutional investors,” says Hoggett.

“Clean and transparent markets are the underpinning of a vibrant and dynamic marketplace and will remain a huge focus.”

Development and growth

Bakhshi takes over as CRO in January 2021. He replaces Diane Côté, who informed the group that she intends to retire around the close of the Refinitiv transaction.

Balbir Bakhshi

Bakhshi joins the group from Deutsche Bank, where he is currently group head of non-financial risk management. He will report directly to LSEG CEO David Schwimmer.

“We are delighted to welcome Balbir to LSEG. The group will benefit greatly from his deep commercial understanding and knowledge of risk management,” says Schwimmer.

“He will play a key role as the Group continues to develop and grow following the Refinitiv transaction.”

In September the European Union’s antitrust body resumed a probe into the $27 billion takeover of Refinitiv by the London Stock Exchange (LSE).

The European Commission (EC) paused proceedings in July as it waited for both companies to provide it with requested data.

Related: LSE considers sale of Borsa Italiana to appease regulators