London Stock Exchange welcomes Professor Kathleen DeRose as new Independent Non-Executive Director

Maria Nikolova

Kathleen DeRose brings extensive FinTech experience to the role as well as a strong background in asset management.

London Stock Exchange Group Plc (LON:LSE), or LSEG, has just announced the appointment of Professor Kathleen DeRose as an Independent Non-Executive Director. The appointment is effective immediately.

Donald Brydon, Chairman of London Stock Exchange Group plc, said:

“I am delighted to welcome Kathleen DeRose to the Board of LSEG. Kathleen brings extensive FinTech experience to the role as well as a strong background in asset management. Her understanding and knowledge of how global financial markets are adapting to new technology will be of great benefit to the Group as we continue to develop our business.”

Kathleen DeRose

Kathleen DeRose is currently a Clinical Associate Professor of Finance at New York University’s Stern School of Business leading the FinTech curriculum and a board member at Evolute AG, a Swiss wealth technology company. Prior to joining her current roles, she had a distinguished thirty-year career in global finance, including senior roles in asset management at Credit Suisse, Deutsche Bank and Chase Manhattan Bank.

The appointment of Kathleen DeRose is announced two weeks after LSEG announced the appointment of Donald (Don) Robert as a Non-Executive Director of the Board of LSEG, as of 1 January 2019. He will succeed Donald Brydon as Chairman of LSEG after the conclusion of the Annual General Meeting on 1 May 2019.

Paul Heiden, Senior Independent Director and Chair of the Nomination Committee for the Chairman search, said:

“We undertook a comprehensive global search to identify an individual to succeed Donald Brydon as Chairman. We are very pleased that Don Robert will join the Board and become Chairman of the Group next year. Don brings a strong track record in the global financial services sector and a deep understanding of technology, data and analytics that will greatly benefit our business as we continue to adapt to regulatory and technological change. He also brings to the Board significant FTSE 100 experience as a Chairman, Senior Independent and Non-Executive Director”.

Read this next

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<