Xavier Rolet

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Xavier Rolet
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Occupation Former Chief Executive Officer
Employer London Stock Exchange
Location London, UK
Website www.londonstockexchange.com/en-gb

Xavier Rolet is a capital and derivatives markets executive who formerly served as the chief executive officer of the London Stock Exchange. He succeeded Clara Furse on May 20, 2009. [1] Rolet joined the board of directors on March 16, 2009.[2] He stepped down as the CEO of LSE on November 29, 2017.[3] [4][5]

While heading up the LSE, Rolet pushed to revamp the exchange, including making an ultimately unsuccessful move to merge it with its German rival, Deutsche Boerse. He overhauled the LSE’s technology, invested in blockchain database software, and executed a number of deals including taking a 51 percent stake in Turquoise, a former rival, and buying Frank Russell Co.[6]

He stepped down in 2010 as a director of the LSE's main clearer at the time - LCH.Clearnet - just weeks after launching a review that could have led to the LSE cancelling its contract with the clearing house.[7]

Rolet won the Risk.net 2018 Lifetime Achievement award on November 18, 2017 at the Risk Awards. [8]

Background

Rolet previously served as head of Lehman Brothers Holdings Inc. in France from July 2007 to October 2008 until Nomura Holdings purchased Lehman's European investment bank in 2008 when the firm went bankrupt.[9]

He also ran the equity trading operations for Goldman Sachs Group, European equities at Credit Suisse First Boston and Dresdner Kleinwort Benson before he joined Lehman in 2000. He also was head of the LSE's strategic advisory committee.

After joining LSE Group, Rolet served as vice chairman of the board of directors of the World Federation of Exchanges.[10] However, in 2013, the exchange group withdrew from the WFE due to "divergent interests."[11]

Education

Rolet has a master's degree in business administration from Columbia University.[12]

References

  1. LSE Names Xavier Rolet as New CEO, Replacing Furse. Bloomberg.
  2. LSE brings in Xavier Rolet as new CEO. The Telegraph.
  3. CEO quits as LSE tries to draw a line under management row. Reuters.
  4. Xavier Rolet to step down as LSE chief by end of next year. Financial Times.
  5. London Stock Exchange CEO Rolet to step down by end of 2018. Reuters.
  6. Rolet's Exit From LSE Gets Complicated as Hohn Seeks U-Turn. Bloomberg News.
  7. Rolet Quits Board of LCH.Clearnet. Financial News.
  8. Xavier Rolet dedicates lifetime achievement award to LSE colleagues in a tweet. City A.M. Newsletters.
  9. LondonStockExGroup Names Xavier Rolet Named New CEO. Dow Jones.
  10. 2010 Annual Report & Statistics. World Federation of Exchanges.
  11. London Stock Exchange to quit World Federation of Exchanges. The Financial Times.
  12. LSE Names Xavier Rolet as New CEO, Replacing Furse. Bloomberg.