Press releases 2001

02 August 2001

LONDON STOCK EXCHANGE APPOINTS DIRECTOR OF BUSINESS DEVELOPMENT

The London Stock Exchange today announced that Marc Bailey has been appointed to a new senior post of Director of Business Development, reporting directly to Chief Executive, Clara Furse. This appointment completes and further strengthens the Exchange's new senior management team.

Marc Bailey will be responsible for developing, marketing and selling the growing range of Exchange products and services for brokers, investment banks, investors and listed companies.

He has senior level experience in a range of financial markets including equities, fixed income and derivatives and has experience of trading, sales and money management. His career so far has included positions at CIBC, where he was an Executive Director of its Global Trading Group, and at JP Morgan, where he managed and developed an exceptionally successful derivatives brokerage business. Most recently, Marc has been a non-executive director of a wealth management company, which he helped to establish.

He was a member of the LIFFE Board from 1990 until 1996 and chaired its Floor Committee between 1992 and 1993.

Welcoming the appointment, Clara Furse said:

"This is a very important appointment for the Exchange. There is tremendous scope to develop the range of products and services which the Exchange offers to its clients. Marc's job will be to realise the commercial potential of our Broker and Issuer Services business. His broad experience in a range of financial markets makes him ideally equipped to develop and implement a crucial part of the Exchange's strategy."