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