Former Royal Mail chairman Donald Brydon is to take over as chairman of the London Stock Exchange group from 1 July .
He replaces Chris Gibson‐Smith, who has been at the helm of the LSE for 12 years.
Gibson‐Smith says: “It has been an honour and a pleasure to have been chairman of London Stock Exchange Group at such a pivotal time in its long and esteemed history. The group has transformed, to become an international market infrastructure organisation, defined by its partnership approach, its clear and focused strategy and its growth.”
Brydon will officially step down as chairman of Royal Mail in August.
He spent 15 years at Axa Group, where he held a variety of senior roles. Before that he worked at Barclays, where he was chairman and chief executive of its asset management arm BZW Investment Management.