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LSE names Antoine Shagoury CIO

09 February 2010  |  10403 views  |  0 London Gherkin building

The London Stock Exchange (LSE) has appointed Antoine Shagoury chief information officer (CIO) in a move that will see David Lester concentrate on the integration of recently acquired Turquoise with the Baikal dark pool.

Shagoury, who reports directly to CEO Xavier Rolet and joins the executive committee, acts as a "dedicated" CIO, says the exchange, replacing incumbent David Lester, who has also had other responsibilities.

The new man joins the LSE from the American Stock Exchange, now part of Nyse Euronext, where he has acted as CIO since 2004. Between 1993 and 2003 he worked for Instinet, latterly as CTO for Instinet Services.

Shagoury will be responsible for technology throughout the group's markets including group-wide IT organisation.

He will work closely with Tony Weeresinghe, CEO of MillenniumIT, the technology vendor recently acquired in an £18 million deal. The exchange is aiming to migrate to MillenniumIT's Linux-based trading platform from its current TradElect system by the end of the year.

Meanwhile, Lester, director of information services, will run the Turquoise-Baikal integration process and "realise the significant growth opportunities" at his unit.

Says Rolet: "We're delighted to be welcoming Antoine to the Group. His considerable industry experience will be an asset to the Executive Committee and the LSEG. In addition, the increased bandwidth across the top team will allow the Group to take advantage of new opportunities and deliver on its growth strategy."

The executive committe now comprises Rolet, Shagoury, Lester, Weeresinghe, Massimo Capuano, Doug Webb, director of capital markets Raffaele Jerusalmi and director of post trade Kevin Milne.

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