London Stock Exchange appoints Anna Manz as Chief Financial Officer

Maria Nikolova

Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc on November 21, 2020.

London Stock Exchange Group (LSEG) announces today that Anna Manz will join as Chief Financial Officer and a member of the Board of LSEG plc, effective November 21, 2020.

Ms Manz will be reporting to David Schwimmer, CEO, LSEG. She succeeds David Warren who announced in October 2019 his intention to retire from the Group and to step down from the Board by the end of 2020. David Warren will step down as Chief Financial Officer and Executive Director when Anna Manz starts, remaining with the Group until his retirement date of June 24, 2021 to ensure a seamless transition.

Anna Manz is currently CFO and Executive Director of Johnson Matthey plc, leading the Finance, Procurement and IT functions. Prior to that role, she spent 17 years at Diageo plc in a number of senior finance roles and most recently as Chief Strategy Officer and a member of the Executive Committee. She serves as a Non-Executive Director at ITV plc.

As CFO of LSEG, Anna Manz will receive a salary of £650,000. She will receive a pension allowance of 10% of salary in line with the wider workforce in the UK, and other benefits in line with Remuneration Policy. She will be eligible to participate in the Group’s existing annual bonus plan with a target of 100% of salary; in line with LSEG’s Remuneration Policy this has a maximum opportunity of 200% of salary, with 50% of any bonus deferred into shares for a period of 3 years.

She will receive a 2021 LTIP grant of 300% of salary, which will only vest based on performance over a 3 year period as assessed by the Remuneration Committee against published performance measures (currently EPS and relative TSR). The award will also be subject to a 2 year post-vesting holding period, resulting in a total 5 year holding period from the date of LTIP grant. The share ownership requirement will be 300% of salary and there is a formal post-employment shareholding requirement, for 2 years after departure.

Ms Manz will also be granted awards to compensate for remuneration forfeited from Johnson Matthey.

Read this next

Digital Assets

AAX ranked world’s second largest spot exchange, only behind Binance

Crypto trading volumes experienced their first surge in activity since March as the majority of digital assets began their recovery from the recent grim price action, according to a new report by Cryptocompare.

Digital Assets

Bitpay teams up with Cardlytics to provide 15% cashback rewards

Crypto payment service provider Bitpay announced a partnership with Cardlytics Inc (NASDAQ:CDLX), which it says will offer more rewards for BitPay cardholders on its platform.

Digital Assets

BlackRock digs further into crypto with spot bitcoin private trust

BlackRock, the world’s largest asset manager with almost $8 trillion in AUM, has launched a spot bitcoin private trust for institutional clients in the United States.

Digital Assets

SEC fines Bloom Protocol, orders refund to BLT token purchasers

Blockchain startup Bloom, which raised $30 million in funds via an initial coin offering (ICO), has agreed to return the money to token purchasers and pay a $300,000 fine, the SEC announced.

Institutional FX

FX volume takes step back at Singapore Exchange in July

The Singapore Exchange (SGX), the country’s paramount exchange operator, has released its monthly volumes across its FX, derivatives and commodities segments for July 2022.

Market News

The Week Ahead: 12 August from David Madden, Market Analyst at Equiti Group

There was a spike in volatility last week when the US CPI report ticked down to 8.5% from 9.1%, missing the forecast of 8.7%. The announcement led to chatter the Fed might not carry out a 0.75% interest rate hike in September.

Digital Assets

Pomelo Pay adds crypto payments capabilities from TripleA

According to a June survey conducted by Deloitte, nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years.

Executive Moves

Talos appoints “boss, mentor, and friend” Neal Pawar as strategic advisor

“Foundational technologies are needed for institutions to fully embrace this potential, however, and in my opinion Talos’s platform is steadily becoming the de facto industry standard for digital asset trading.”

Technology

Avelacom enhances Middle East connectivity amid new market trends

Avelacom found that smaller markets in the region were not sufficiently covered by third-party vendors.

<