LSE Group Hires Citi Equities Boss for Top Markets Job -- Financial News
09 Janeiro 2020 - 11:38AM
Dow Jones News
By Samuel Agini
Of Financial News
London Stock Exchange Group PLC (LSE.LN) has hired Citigroup
Inc.'s (C) co-head of stock trading to lead its traditional
listings business, following a challenging year for capital
raisings and trading volumes in the U.K.
Murray Roos, who co-led equities and securities services at
Citi, will start at the LSE on April 1, according to a statement.
He will join the exchange's executive committee, reporting to chief
executive David Schwimmer.
Mr. Roos, who brings significant experience in
trading--including equities and derivatives--will be responsible
for the LSE's global primary and secondary capital markets
business, which helps companies raise money and offers trading in
their shares and debt.
The former derivatives trader joins after a challenging time for
the division, which includes the Italian exchange Borsa
Italiana.
The amount of money raised by issuers, which include companies
and governments, fell by 12% to 18.4 billion pounds ($24.4 billion)
in the first nine months of 2019, according to the LSE's latest
accounts. Average daily trading volumes in U.K. and Italian
equities were down by double-digit percentages.
Mr. Schwimmer said: "Murray Roos brings to the group deep
experience in capital markets in both developed and emerging
markets. He brings a global understanding of the capital markets
life cycle across asset classes, from pre-trade through to trading
execution and post-trade."
A well-known name in City trading circles, Mr. Roos joined Citi
as global head of sales for its equities and prime finance
divisions in 2015. He was promoted the following year to co-lead
equities.
Prior to joining Citi, he was global co-head of prime finance
and European equities at Deutsche Bank AG (DB) and before that ran
the index-flow trading desk in Europe, the Middle East and Africa
at UBS Group AG (UBS).
Mr. Roos became a derivatives trader in South Africa after an
accident brought his career in chemical engineering to an end. In
an interview with Financial News in 2017, he revealed that he had
to be pulled from a vat of anti-foaming agent. "I was lying on the
transom at two o'clock in the morning and decided that it was time
to change careers," he said.
Mr. Roos said: "I'm delighted to be joining [the London Stock
Exchange Group], an iconic institution with a world-class capital
markets business. I look forward to working with the talented team
to drive the business forward."
He will replace Raffaele Jerusalmi, who will remain head of
Borsa Italiana.
The appointment continues Mr. Schwimmer's shake-up of the LSE's
executive team since he became CEO in August 2018. On his watch,
the LSE has appointed four new members--including Mr. Roos--to its
executive team, which comprises 10 people. The exchange is also
looking for a successor to chief financial officer David Warren,
who joined the group in 2012.
Website: www.fnlondon.com
(END) Dow Jones Newswires
January 09, 2020 09:23 ET (14:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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