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In Good Company with Nicolai Tangen

London Stock Exchange Group CEO: Leadership, CEO pay, and busting silos

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8186 Ratings

🗓️ 21 February 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

Founded in 1801, LSEG has been at the forefront of financial markets for centuries, surviving world wars. Now it’s a global financial powerhouse. David Schwimmer, their CEO, is a New Yorker with a rich academic background from Yale, Harvard, and a 20-year tenure at Goldman Sachs from Moscow to London. Join us for an insightful conversation with David on navigating LSEG through the complexities of modern financial markets and shaping the future of global finance.


The production team on this episode were PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke, with input from portfolio manager Michael Wassermann.


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Transcript

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0:00.0

Welcome to you in Good Company. I'm Nikolai Tangen, the CEO of the Norwegian Subon Wealtham.

0:05.7

Now, today I'm joined by David Schwimmer, the CEO of Elseg, which contains the London Stock Exchange.

0:12.2

Now, this company has been at the forefront of financial markets for centuries. It's now a global powerhouse.

0:18.0

David is a New Yorker with a really interesting background and we'll explore some of

0:21.7

that. But David, I'm so happy that I managed to convince you to come on when we lost at

0:27.1

dinner in London. Nikola, it's a pleasure to be here. Thanks for having me.

0:42.6

Elseg contains London Stock Exchange, but it also does a lot of other things.

0:44.3

So what does the company actually do?

0:45.6

Let's kick off with the basics.

0:51.7

So we are one of the worlds, or I'll say the world's leading financial markets infrastructure and data provider.

0:54.1

We have a number of

0:56.3

different businesses that serve customers by side, sell side financial institutions and

1:02.1

corporates, governments across the trade life cycle, across the value chain. So just in terms of

1:07.5

the specific businesses that we are in, We have data and analytics for the number

1:12.0

one provider in the world of, for example, real-time financial data. We have an index business,

1:16.7

Futsi Russell, which is one of the world's leading index businesses. We have a risk intelligence

1:21.5

business, which provides the leading content set for what banks use for background checks

1:27.2

and KYC AML.

1:29.6

You put all those businesses together.

1:31.3

That's our data and analytics offering.

1:33.0

That's roughly 70% of our revenue.

1:35.3

Then we have capital markets execution venues across multiple asset classes.

...

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