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FCA Won’t Intervene in LSE CEO Search While Process Is ‘Orderly’

  • Andrew Bailey tells Bloomberg TV exchange must sort succession
  • LSE Chief Executive Officer Xavier Rolet left this week
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Bailey discusses the unresolved issue of contract continuity as a part of Brexit with Bloomberg’s Mark Barton.(Source: Bloomberg)

The head of the U.K. Financial Conduct Authority said the regulator won’t get involved in the appointment of a new chief executive officer at London Stock Exchange Group Plc after Xavier Rolet left this week, as long as the process is "orderly."

"It’s not for me to intervene in how they run their affairs," said Andrew Bailey in an interview with Bloomberg TV Friday, the first time he’s commented publicly on the situation. But "I emphasized when Rolet announced his departure that it should be an orderly succession."