Raffaele Jerusalmi Steps Down From Capital Markets Role at LSE

The London Stock Exchange Group (LSEG) introduced on Tuesday that Raffaele Jerusalmi would step down from his position as group director of capital markets by the top of the yr. In its assertion, the alternate group mentioned that it was within the strategy of searching for somebody to exchange Jerusalmi.

The outgoing director will stay in his present position till the LSEG is ready to discover somebody to take his place. It’s unclear how a lot progress the corporate has made in its govt search.

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Jerusalmi, who can be the chief govt officer (CEO) of the Borsa Italiana, has been with the LSEG for nearly a decade. He joined the alternate operator again in 2010 as director of capital markets, the identical place he holds now.

“Over the previous ten years, it has been an awesome privilege to guide a proficient world staff to contribute to the profitable progress and growth of the Group’s Capital Markets enterprise,” mentioned Jerusalmi. “We have efficiently developed a robust enterprise throughout our portfolio of main and secondary markets companies.”

Leaving capital markets however not the LSEG

Though he can be leaving his capital markets position, Jerusalmi will stay inside the LSEG. That’s as a result of Borsa Italiana, Italy’s solely inventory alternate, can be owned by the corporate. That means he’ll proceed reporting to LSEG CEO David Schwimmer.

The Borsa Italiana CEO may also stay on the LSEG’s board as an govt director and as a member of the corporate’s govt committee.

“Raffi has made an amazing contribution to the Group,” mentioned Schwimmer. “He was instrumental within the merger between Borsa Italiana and London Stock Exchange in 2007 and has performed a key position constructing a world class capital markets enterprise. I stay up for persevering with to work with him sooner or later as he continues to contribute to the Group’s success in Italy.”

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David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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