Andrea Remyn Stone to replace David Craig as LSEG’s Head of Data & Analytics

Rick Steves

Earlier this year, London Stock Exchange Group (LSEG) completed its USD27 billion acquisition of Refinitiv. LSEG has issued Refinitv about a 37% economic interest and a 29% voting interest in the stock exchange operator.

David Craig will leave LSEG at the end of 2021 as the integration with Refinitiv is well underway, the firm stated. The executive change will have Andrea Remyn Stone becoming Group Head, Data & Analytics, effective 1 July, 2021.

Ms. Stone is currently Chief Product Officer, Data & Analytics, and will work closely with David to ensure a smooth transition of operational and integration priorities over the coming months. David Craig will then operate in an advisory capacity to the Group until the end of 2021.

David Schwimmer, Chief Executive Officer, LSEG: “I want to thank David for his partnership in driving the acquisition to completion and his valuable contribution to the integration, which is progressing at pace. I am delighted we have a world class executive of Andrea’s calibre to further develop our data, analytics and index capabilities.

“With credit to David, he took a long term view when he first recruited Andrea. Her appointment reflects the leadership bench strength in place across LSEG and our emphasis on developing strong talent.”

David Craig, Group Head of Data & Analytics and CEO, Refinitiv: “It has been a privilege to lead the change and innovation in the Refinitiv business for the last nine and a half years. I am humbled by the commitment and hard work of our people and the partnership with the financial industry throughout this time, especially during the COVID-19 crisis.

“From the original separation out of Thomson Reuters to completing the sale of Refinitiv earlier this year, I am enormously proud of everything we have achieved and the potential for the business as part of LSEG. Now, with the integration firmly on track and a strong performance in our first quarter as a combined business, I will support Andrea with the leadership transition we have been preparing for.”

Andrea Remyn Stone, Chief Product Officer, Data & Analytics: “I am honoured to be asked to lead the Data & Analytics division of LSEG. The team is laser focused on delivering the integration, the benefits it brings for our customers and the growth it will secure for LSEG.

“As the global financial community faces rapid change, we are uniquely positioned to partner with our customers to deliver the innovative data, analytics and investment insight solutions they need.”

Planned to go through in H1 2020, the $27 billion deal was forced into a halt by the COVID-19 pandemic. The two leading trading industry giants are now officially married to one another.

Earlier this year, London Stock Exchange Group (LSEG) completed its USD27 billion acquisition of Refinitiv, the financial market data and infrastructure provider built out of the Financial and Risk division of Thomson Reuters in 2018. LSEG has issued Refinitv about a 37% economic interest and a 29% voting interest in the stock exchange operator.

The important milestone will have new Refinitiv executives joining LSEG and brings together the two complementary businesses in their quest to provide data, trading tools, analytics, and risk management across the financial markets.

Among the leading names continuing their roles but now under the LSEG umbrella is Joshua Cater, Director of FX Transaction Sales. His job consists of leading Real Money new business sales in EMEA for FXall, the global market leader in institutional electronic FX trading.

London Stock Exchange Group first announced the acquisition of Refinitiv in August 2019 in an all-share transaction for an enterprise value of approximately $27 billion. The deal significantly accelerates LSEG’s existing strategy to be a leading global financial markets infrastructure provider and to markedly expand its data and analytics offering to create a global multi-asset class capital markets business. Originally, the firm planned to complete the transaction in H1 2020.

Read this next

Retail FX

Investors from Cyprus and Dubai acquire ‘significant stake’ in M4Markets

Seychelles-regulated brokerage firm M4Markets firm has picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.

Executive Moves

UAE broker Amana elevates Amr Masry to sales director

Amr Masry has been promoted to a new senior role at Amana Capital, becoming the group’s newest Sales Director, following a successful tenure with the UAE-based FX and CFDs broker.

Executive Moves

TopFX promotes Omar Al-Janabi to head of sales and business development

Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.

Retail FX

Plus500 says 2022 revenue to be ‘significantly’ ahead of analysts’ estimates

Israeli-based, but London-stock market listed Plus500 said it expects annual revenue and earnings to be ahead of analysts’ estimates even as trading levels normalised from record volumes in the first quarter.

Digital Assets

Crypto derivatives giant BitMEX launches spot market

Crypto exchange BitMEX is looking to branch out of its singular focus on crypto derivatives with a suite of new product offerings. Although derivatives are to remain at the heart of BitMEX’s business, the popular platform will add spot crypto trading as it aims to aggressively grow their user base.

Uncategorized

PrimeXM reports mixed trading volumes for April

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Digital Assets

DLT Finance approved by BaFin to support brokerage and custody of digital assets

DLT Finance is already partnered with big names within the digital asset space, including Kraken, Bitstamp, B2C2, and Bittrex.

Institutional FX

LUKB taps vestr to launch actively managed products, AMCs

The partnership with vestr goes to show the growing importance of digitising the active investment management space.

Digital Assets

Jewel taps Tokeny to launch stablecoin-as-a-service solution on Polygon

Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier and near real time payments with stablecoins issued and redeemable directly at the bank level at Jewel.

<