LSE appoints Goldman Sachs veteran David Schwimmer as CEO

London Stock Exchange has appointed Goldman Sachs veteran David Schwimmer as its new chief executive.

Schwimmer, who succeeds Xavier Rolet, will join the company on 1 August and will be a member of the board of directors. Meanwhile, interim chief executive and group chief financial officer, David Warren, will continue as group CFO and a member of the board.

Schwimmer joins the LSE after a 20-year career at Goldman Sachs, where he was most recently global head of market structure and global head of metals and mining in investment banking.

He began his career in the financial institutions group of GS, focusing on market structure, brokerage and trading. He also served as chief of staff to the president and COO, Lloyd Blankfein, and spent three years in Moscow as Co-head of Goldman Sachs' business for Russia/CIS.

Chairman Donald Brydon 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."

Schwimmer said: "It is an honour and privilege to be asked to lead London Stock Exchange Group. 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. I look forward to working alongside the group's highly capable management team to continue to deliver value for its customers, employees and shareholders."