It is unusual that the London Stock Exchange does not yet know what role its CFO Doug Webb will have in the group that emerges from its merger with its Canadian opposite TMX, the CFO for which will be TMX’s current finance chief Michael Ptasznik.
Webb did not win out despite the fact that LSE’s shareholders will own 55 percent of the new group and LSE chief executive Xavier Rolet is the new group’s CEO. When Financial Director interviewed Webb a few months into the LSE job in January 2009, the exchange had not long completed its acquisition of Borsa Italiana. But in retrospect, his view on where it needed to go seems to be at odds with what has happened.
“I would rather have a smaller market share of a growing market than a large market share in a static one,” he said. As a former CFO of Qinetiq with international experience, Webb should be hot property for other roles – at the LSE or elsewhere.
Read our profile of Doug Webb here
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