Press releases 2003

05 March 2003

Exchange announces senior executive appointments

The London Stock Exchange today announced the appointments of three senior executives – Karen Young, Roberto Rivero and Guy Whittle – to new posts designed to expand its business.

Karen Young joins the Exchange as Head of Business Development, Information Services with a remit to identify and develop new products and services that will diversify the Exchange’s information services revenue. 

Ms Young has extensive experience in the information products industry and was most recently Commercial Director at Caplin Systems.  As well as being responsible for finding new business opportunities, she will oversee the implementation of recent information services initiatives, such as the Corporate Data Warehouse; the changeover to alphanumeric SEDOL codes; and Proquote Ltd, a new subsidiary of the Exchange. 

Roberto Rivero, as Head of Sales and Marketing, Information Services, will work closely with Ms Young to increase revenues from existing and new products. 

Mr Rivero has been providing strategic advice on the potential growth of the Exchange's Information Services business for the past year and has many years' experience in commercial roles within the financial information industry.  Prior to joining the Exchange, he was Marketing Director – fidessaNet at royalblue financial.

Ms Young and Mr Rivero will both report to the Exchange's Chief Information Officer, David Lester.        

Guy Whittle has started as Head of Sales and Product Management within the Exchange's Market Services division.  His responsibilities include identifying new customers for the Exchange's products and services, such as RSP Gateway, Crest network provision, covered warrants, and ETFs, as well as managing existing secondary market client relationships.  

Mr Whittle has wide-ranging experience in senior market roles, and was most recently responsible for running Dresdner Kleinwort Wasserstein's wholesale and retail equity business on Bestconnect, as well as developing client and information vendor relationships.  He will report to the new post of Director of Market Services, for which the Exchange is currently recruiting.   

Welcoming the new appointments, which are part of a major reorganisation to enhance the Exchange’s product development, marketing and sales focus, Chief Executive Clara Furse said:

"Karen Young, Roberto Rivero and Guy Whittle bring broad-ranging commercial experience in product development and financial product sales.  They will play a key role in delivering our growth strategy by diversifying revenue streams in providing a range of new products and services to a growing client base."

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For further information, please contact:

Jamin Smith, Press Office +44 (0)20 7797 1222 or newsroom@londonstockexchange.com

Notes to editors:

• Karen Young – Background

• Roberto Rivero – Background

• Guy Whittle – Background

• Information Services

The Exchange's Information Services division provides high quality, real-time prices, news and other information to around 98,000 installed terminals in over 100 countries world-wide.

• Market Services

The Market Services division is responsible for the Exchange' regulatory and supervisory functions, as well as sales and product management of RNS, RSP Gateway, Crest network provision, covered warrants and ETFs.  Market Services is also responsible for liaison with all customer groups, including issuers, institutional and retail investors, and RNS users.