28 April 2021
London Stock Exchange Group Directorate Changes
London Stock Exchange Group plc (LSEG) today announces that Tsega Gebreyes and Ashok Vaswani will join the Board as Independent Non-Executive Directors, effective 1 June 2021. Tsega will join the Risk and Remuneration Committees and Ashok the Audit and Risk Committees. They will both also join the Nomination Committee.
Don Robert, Chairman, London Stock Exchange Group, said:
"I am delighted to welcome Tsega and Ashok to the Board. Both bring deep financial services and commercial experience in senior roles world-wide, which will be of great benefit to the Group as we continue to develop our global business and capitalise on the digital transformation of financial markets infrastructure."
Tsega is currently Founding Partner at Satya Capital LLP, an independent investment group focused on providing long-term growth capital. Prior to founding Satya Capital, she held a variety of senior roles at Zain Group, a leading mobile telecommunications provider in the Middle East and North Africa. She is currently Vice Chair and Chair of the Finance Committee at SES SA.
Ashok is currently Chief Executive Officer, Global Consumer Banking & Payments at Barclays plc, where he has spent the last eleven years in a variety of CEO roles including as Chief Executive Officer for Barclays UK. Prior to this he was a Partner at Brysam Global Partners LLC and has also held a number of senior roles with Citigroup Inc.
Separately, Jacques Aigrain and Stephen O'Connor, Chair of the Remuneration Committee and Senior Independent Director (SID) respectively, will have served nine years on LSEG's Board in 2022. It is proposed that Jacques and Stephen will step down before the AGM in 2022 and that Cressida Hogg will become Chair of the Remuneration Committee with effect from 22 October 2021 and SID when Stephen steps down from the Board.
There are no other matters which require disclosure under Listing Rules 9.6.13R.
- Ends -
For further information:
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Media: Lucie Holloway / Rhiannon Davies |
+44 (0)20 7797 1222 |
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Investor Relations: Paul Froud |
+44 (0)20 7797 3322 |
Notes to the Editor:
Tsega Gebreyes
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Executive Career:
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2007 to date |
Satya Capital LLP |
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2018 to date |
Founding Partner |
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2000 - 2007 |
Celtel International B.V/ Zain Group |
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2007 - 2016 |
Senior Group Adviser, Zain Africa BV |
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2005 - 2007 |
Chief Strategy & Development Officer, Celtel International |
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2003 - 2005 |
Chief Business Development and Mergers & Acquisitions Officer, Celtel International |
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2000 - 2003 |
Director, Mobile Commerce and New Product Development, Celtel International |
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1996 - 2000 |
New Africa Opportunity Fund LLP |
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Founding Partner |
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1995 - 1996 |
McKinsey & Co |
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Associate |
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1990 - 1994 |
Citigroup Inc. |
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Associate, Capital Markets, Citicorp Securities Inc Associate, Corporate Finance and Restructuring, Citicorp Securities Inc Special Projects, Junior Transactor, Citicorp Securities Inc |
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Non-Executive Career:
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2013 to date |
SES SA |
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2019 to date |
Vice Chair and Chair of Finance Committee |
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2013 - 2019 |
Non-Executive Director |
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2015 - 2019 |
Sonae SA |
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Non-Executive Director |
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2013 - 2018 |
ISON Group |
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Non-Executive Director |
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2009 - 2015 |
Hygeia Nigeria Ltd |
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Non-Executive Director |
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2009 - 2010 |
Save the Children UK |
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Trustee |
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1998 - 2000 |
Celtel International B.V. |
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Non-Executive Director |
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Education & Qualifications:
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1996 |
MBA, Harvard Business School |
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1990 |
BA, Economics and International Studies, Rhodes College |
Ashok Vaswani
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Executive Career:
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2010 to date |
Barclays plc |
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2019 to date |
Chief Executive Officer, Global Consumer Banking & Payments |
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2016 - 2019 |
Chief Executive Officer, Barclays UK |
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2014 - 2016 |
Chief Executive Officer, Personal & Corporate Banking |
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2012 - 2014 |
Chief Executive Officer, Retail & Business Banking |
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2011 - 2012 |
Chief Executive Officer, UK Retail & Business Banking |
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2010 - 2011 |
Chief Executive Officer, Africa |
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2010 |
Chief Executive Officer, Barclaycard Europe |
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2007 - 2009 |
Brysam Global Partners LLC |
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Partner |
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1987 - 2007 |
Citigroup Inc. |
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2004 - 2007 |
Chief Executive Officer, Citigroup Asia Pacific Consumer Bank, Singapore and Member of Citigroup Operating & Management Committee |
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2001 - 2004 |
Chief Administrative Officer and Chief Financial Officer, CitiCards |
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2000 - 2001 |
Chief Marketing Officer, Central Europe, Middle East & Africa |
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1999 - 2000 |
Division Executive, Turkey, Middle East & Africa |
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1999 - 2000 |
Cards Product Manager, CEEMEA (concurrent) |
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1997 - 1999 |
Country Manager, Turkey |
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1994 - 1997 |
Cards Manager, Turkey |
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1992 - 1994 |
Cards Manager, UAE |
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1990 - 1992 |
Chief Financial Officer, UAE, Oman, Bahrain |
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1988 - 1990 |
Area Manager, Non-Resident Indian Business |
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1987 - 1988 |
Chief Financial Officer, Non-Resident Business |
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1985 - 1987 |
AF Ferguson & Company |
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Consultant |
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Education & Qualifications:
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1984 |
Institute of Chartered Accountants in India, 1984 |
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1981 |
BComm, Economics and Accountancy, Sydenham College of Economics, 1981 |
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