1. London Stock Exchange Finds New CEO at Goldman Sachs

    London Stock Exchange Finds New CEO at Goldman Sachs

    London Stock Exchange Group hired Goldman Sachs Group ’s David Schwimmer to run the 217-year-old bourse, ending a months-long search for a CEO by appointing another investment banker. He will join the group on Aug. 1 following a 20-year career at Goldman Sachs (gs) , the exchange said in a statement on Friday. Schwimmer, 49, takes up one of the most high-profile jobs in the City of London and is currently based in New York...

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    1. I have worked closely with David over his career at Goldman Sachs.
    2. The announcement today is a net positive for LSE as it removes an overhang for the stock, and we think an external candidate was the market's preferred option.
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