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

Executive Moves

Crculus taps Michael Idzkowski as head of sales

Michael Idzkowski has joined Crculus, a UK-based startup that describes itself as a multi-custody middleware infrastructure for financial institutions, in the post of its head of sales.

Retail FX

ActivTrades jumps on fractional stock trading bandwagon

CFDs and FX broker, ActivTrades has updated its trading offering to provide its clients with the opportunity to trade fractions of stocks.

Digital Assets

BitMEX to list its native token by end of 2023

BitMEX CEO Alexander Hoeptner said the crypto exchange is planning to list its native token, called BMEX, on the spot market by the end of the year.

Market News

Forex investments take over popular sentiment as a worthy global trend

Quite the confusion is afoot in the financial markets. Tighter regulation, rising inflation, energy sector disruptions, social unrest and wars have taken a toll on the world’s economies. How come Forex, as a means of investment, has come up on top as a global trend in 2022? Against the backdrop of current events, the international broker’s expert team at OctaFX has gathered some answers.

Crypto Insider, Metaverse Gaming NFT

How Hiding Crypto’s Influence Will Be Key To Unlocking Its Success

In past years, cryptocurrency has advanced well beyond the technophiles responsible for its initial success to reach widespread name recognition. Crypto has found its way into news, music, culture, and other relevant facets of daily life. 

Digital Assets

SCRYPT Digital taps Enclave Markets to mirror dark pool trading in crypto

“A service like this has been sorely lacking in the crypto space. There hasn’t been a solution that provides the security or privacy that institutions require with these kinds of trades.”

Institutional FX

FXSpotStream reports record monthly volume at $1.613 trillion

Trading volumes on institutional FX platforms surged in September after fears over the impact of recent developments around Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Industry News

OKX adds four-time Olympian snowboarder Scotty James as brand ambassador

‘What is OKX?’ is the name of the new multi-milion dollar brand campaign launched by crypto exchange OKX as part of its efforts toward world expansion.

Industry News

Circle buys Elements and announces beta version of Crypto Payments API

“Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle’s mission.”

<