LSE Mergers and Acquisitions Presentation Deck
Transaction Update
Expect to complete the acquisition of Refinitiv in Q1 2021
EC Phase Il approval due January 2021
Commitments to the EC in relation to non-discriminatory access
to the Combined Group's Information Services division and
OTC IRDS clearing services provided by LCH SwapClear
16 merger control approvals received to date, small number of
remaining merger control and regulatory approvals are
expected by Q1 2021
Refinitiv achieved $613 million of run-rate cost savings as at Q3
with the full $650 million target expected by the end of 2020
Combined business well positioned in an environment impacted
by Covid-19 with a mix of recurring and transaction-based
revenues supported by scale and efficiency
Leadership for the combined company
- Executive committee represents a combination of both
companies reflecting customer facing expertise and deep
market knowledge
Note:
(1) Balbir Bakhshi will join LSEG and the LSEG Executive Committee on 25 January 2021, following the retirement of Diane Côté.
LSEG Executive Committee (post close)
David Schwimmer
CEO
Anna Manz
CFO
David Craig
Group Head, D&A
Daniel Maguire
Group Head, Post Trade
Murray Roos
Group Head, Capital Markets
Catherine Johnson
General Counsel
Anthony McCarthy
Chief Information Officer
Tim Jones
Chief People Officer
Balbir Bakhshi
Chief Risk Officer (1)
London
Stock Exchange Group
David Shalders
COO and Head of Integration
Brigitte Trafford
Chief Communications Officer
Andrea Remyn Stone
Chief Product Officer, D&A
Debra Walton
Chief Revenue Officer,
D & A
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