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RSS feedsThe London Stock Exchange (LSE) has appointed Antoine Shagoury as its new chief information officer (CIO) and handed his predecessor, David Lester, responsibility for the integration of trading platforms Turquoise and Baikal.
As director of information services, Lester will work on the unification of systems supporting recently-acquired trading firm Turquoise and its own dark-pool facility Baikal, while continuing to focus on growth opportunities within the information services division, the LSE said.
The news astonished Turquoise chief technology officer Yann L’Huillier, to whom the decision had not been communicated.
“This comes to me as a total surprise. Our management team has not been informed about this at all,” L’Huillier told Computing.
“As of today, the whole Turquoise team has no idea what is going to happen going forward,” he said.
A LSE spokesman said the firm would not announce the new IT management structure of the group until the Turquoise deal is completed in mid-February.
LSE’s new CIO will report directly to chief executive Xavier Rolet and will work alongside Tony Weeresinghe, the chief executive of MillenniumIT, the Sri Lankan software company acquired by the LSE last year.
Shagoury joins the group from the NYSE Euronext where he worked as a CIO since 2004.
See also:
Economic climate drives changes in management structure 20 Jan 2010
LSE IT chief David Lester tipped to be head of new joint venture 21 Dec 2009
London Stock Exchange CIO David Lester talks to Angelica Mari about the organisation’s recently purchased Sri Lankan services provider MillenniumIT and discusses the impact the move will have on operations and staff in the UK 03 Dec 2009
Bourse postpones introduction of dark pool facility amid talks with Turquoise 09 Nov 2009Bourse’s top executives travel to Sri Lanka to meet new IT partners and government 19 Oct 2009Acquisition of Sri Lankan supplier MillenniumIT expected to prompt £10m in annual savings and will see replacement of existing trading systems 16 Sep 2009Chief executive at the London bourse fears the regulatory burden may compromise success of dark pool trading system 09 Sep 2009
Rising market share comes as owners announce sale of trading platform 21 Aug 2009IT jobs may be at risk in London and Milan 26 Jun 2009All IT Management Tags: Management, London-stock-exchange, Financial-services, Management
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