Clara Furse
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| Clara Furse | |
| |
| Occupation | CEO |
|---|---|
| Employer | London Stock Exchange |
| Location | London |
Clara Furse is chief executive of the London Stock Exchange (LSE). She celebrated her seventh year at the exchange in January of 2008. During her tenure, the LSE has been catapulted into the FTSE 100 list of the biggest companies and the LSE's stock price has risen about 400 percent.
Contents |
Background
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Furse became the first woman and first foreigner (Furse is a Dutch citizen who grew up in Colombia and Denmark) to lead the LSE when she took over as chief executive in February 2001.[1]
Furse took over at the LSE after a turbulent period in which the exchange withdrew from a merger with Germany's Deutsche Boerse amid a hostile offer from Sweden's exchange operator. Furse oversaw a successful flotation for the LSE itself when she took command - shares in the company outperformed the rest of the market by 30 percent since the stock debuted in July 2001. A low point, however, came when the LSE lost to pan-European rival Euronext in a bid to buy London's financial derivatives exchange, Liffe. Under Furse the LSE has invested heavily in its electronic trading platform and purchased market data provider Proquote.
Prior to joining the LSE, she was group CEO of Rand Merchant Bank, Credit Lyonnais Rouse between 1998 and 2000. She's built her career in the world of derivatives-broking on a reputation for ruthlessness.[2]
Education
Furse completed her university education at the London School of Economics and Political Science.
News
Despite the LSE stock's gains over time, the stock has been nearly halved since December. In May of 2008, Furse was described in the press as "furious" over the situation. The Telegraph reported that many traders felt the stock was likely to be further hit by the economic downturn and competition from rival exchange platforms such as Chi-X and Turquoise.[3]
Resources
Clara Furse, Dame of the Capital Markets
References
- ↑ Eurobiz Profile. SinoMedia. Retrieved on May 20, 2008.
- ↑ SSE Trading Rules. The Economist. Retrieved on May 20, 2008.
- ↑ Clara Furse Furious in Face of LSE Bears. Telegraph. Retrieved on May 20, 2008.
