Management reshuffle at LSE as CFO departs

The London Stock Exchange (LSE) is losing its Chief Financial Officer, Doug Webb, as part of a wider management shake up.

Webb joined the firm in 2008 but will step down from the board on July 2nd, and leave the firm on July 31st. He'll be replaced by David Warren, a recruit from US stock exchange NASDAQ.

The LSE's Chief Executive, Xavier Rolet, said he thought Warren's international experience would be an asset to the group.

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The LSE has also recruited Alexander Justham from the Financial Services Authority to the position of Chief Executive Officer of London Stock Exchange plc, the group's well known (and heavily regulated) subsidiary.

He will assume group-wide responsibility for regulatory strategy, government and public affairs and for UK regulation.

Others being moved around the management chess board include Antoine Shagoury, who becomes Chief Operating Officer, and David Lester who gets the Director of Strategic Development brief.

BS