Press releases 2013
Ladder for London apprentices open London Stock Exchange trading
- Four apprentices begin work at LSEG
- Evgeny Lebedev, Mark Hoban MP and Eddie Stride join apprentices
London Stock Exchange Group (LSEG) today welcomed its first intake of apprentices, hired through City Gateway as part of the London Evening Standard’s “Ladder for London” campaign. LSEG is the latest company to join the scheme, which has to date seen over 650 young people employed as apprentices, across more than 230 London-based businesses.
LSEG’s four new recruits opened trading on the London markets in a special ceremony this morning. They were joined by fifteen other apprentices from organisations across the capital, as well as Xavier Rolet, CEO of LSEG; Evgeny Lebedev, Chairman of the London Evening Standard; Eddie Stride, CEO of City Gateway; and Mark Hoban MP, Minister of State for Employment. This was followed by a breakfast event where attendees shared their views and experiences of the campaign so far.
Xavier Rolet, CEO, LSEG, said:
“We are very proud to be supporting the Ladder for London campaign with this exciting event. London’s great strength has always been the diversity of its people, and harnessing that diversity is fundamental to its success as a global city. It is crucial for London’s economy and its communities that young people from all backgrounds are given the tools to achieve their full potential, and become the business leaders of tomorrow.”
Eddie Stride, CEO at City Gateway, said:
“City Gateway is so delighted London Stock Exchange Group is committing to changing the lives of four young Londoners. It is fantastic to see such high profile and important institutions like London Stock Exchange Group supporting the local community, and giving young people the employment opportunities they need at a time when youth unemployment is at an all time high.
“We hope that more organisations will be inspired by this great example and get on board to help us in our vision to combat youth unemployment in the capital, and enable more apprentices to make a greater contribution to London’s economy.”
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900
Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.
About City Gateway
City Gateway was set up in 1999 by a group of city workers involved in local churches to bring hope to the local community of Tower Hamlets who hadn't benefited from the areas wider economic development. City Gateway helps the hardest to reach and most excluded NEET young people and women overcome obstacles such as poor language levels, limited aspirations and low skill levels by connecting with, engage and train them and provide them with the skills and opportunities to enter into work. In 2011-12 90.4% of City Gateway apprentices successfully complete their apprenticeships, 16.6% above the national average. City Gateway run a youth centre, youth training and employment projects, a women's project and children's and families work alongside a number of social enterprises to create work experience and employment opportunities for local people.
Since starting City Gateway have been recognised as an example of national best practice in apprenticeships and youth engagement and have grown to work with thousands of individuals in Tower Hamlets and across London. We were graded Ofsted Outstanding in 2010-11, became a LSIS Beacon Provider in 2011 and have won awards such the CSJ Award 2011 and a Big Society Award 2012. In 2012, City Gateway opened City Gateway 14-19 Provision, the first Alternative Provision Free School in London, providing an alternative education environment for learners who have disengaged from mainstream education. In 2012 City Gateway was awarded Investors in People Gold.