London Stock Exchange Group Board AppointmentSep 14 2016 - 13:07
London Stock Exchange Group plc (LSEG) today announces that Andrea Munari will step down from the Board of London Stock Exchange Group plc ( “the Board”) and that Andrea Sironi will join the LSEG plc Board as a Non-Executive Director, on 1 October 2016
Mr. Munari has been a Non-Executive Director since October 2007 and has served as a member of both the Audit and Risk Committees.
Andrea Sironi has been Chairman of Borsa Italiana SpA since January 2016. He has served as Rector of Bocconi University in Milan since 2012 and is a Professor of Banking and Finance.
As announced on 1 June 2016, Mr. Munari was proposed to be appointed as a non-executive director of HLDCO123 plc (“HoldCo”), the new UK holding company which will implement the recommended all-share merger between LSEG and Deutsche Börse AG. As a result of Mr. Munari’s retirement from the LSEG Board, Andrea Sironi will be appointed as a non-executive director of HoldCo in place of Mr. Munari.
Donald Brydon, Chairman of London Stock Exchange Group plc, commented:
“On behalf of the Board, I would like to thank Andrea Munari for his valuable contribution over the past nine years during a period of significant development and expansion for the Group. The Board has benefited greatly from his deep financial experience and I look forward to working with Andrea Sironi when he joins the Board later this year.”
There are no other matters which require disclosure under Listing Rules 9.6.13R.
For further information, please contact:
+44 (0)20 7797 1222
+44 (0)20 7797 3322
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Notes to Editors:
Andrea Sironi has been Chairman of Borsa Italiana SpA since January 2016. He has served as Rector of Bocconi University in Milan since 20012 and is a Professor of Banking and Finance. Previous roles at Bocconi include acting as Dean of the Graduate School, Dean for International Affairs, Director of the Research Division of the School of Management (SDA), Director of the MSc in Finance, and Director of the Master in Risk Management.
Since December 2014, he has been Chairman of CEMS, the Global Alliance in Management Education. He has also held visiting positions at the Research and Statistics Department of the Federal Reserve Board of Governors in Washington D.C. and at the Stern School of Business of New York University. He began his career as a financial analyst at Chase Manhattan Bank in London. His academic research and publications focus on Financial Risk Management and International Banking Supervision. He was a non executive director of Banco Popolare Scarl from 2008 to 2013 and of Saes Getters SpA from 2007 to 2015.