About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

The Deal is Done – LSEG Completes Acquisition of Refinitiv

Subscribe to our newsletter

A big day in the City last Friday as the London Stock Exchange Group (LSEG) completed its all-share acquisition of Refinitiv first mooted back in July 2019. The acquisition is expected to create a leading, UK-headquartered, global financial market infrastructure provider with a strong data and analytics business, significant capital market capabilities across multiple asset classes, and a broad post-trade offering, all well positioned for future growth.

The deal was approved by the European Commission on 13 January 2021 under EU Merger Regulation and is conditional on compliance with a commitment from LSEG that it will ‘ensure ‘ markets will remain open and competitive and the acquisition will not lead to higher prices or less choice and innovation’.

David Schwimmer, CEO at LSEG, said today: “This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, and working in partnership with customers. LSEG is focused on delivering the benefits of the transaction helping customers to access data, trading tools, analytics and risk management across the financial markets and at scale around the globe.”

Martin Brand, senior managing director at Blackstone, which bought a 55% stake in Thomson Reuters’ financial and risk business in October 2018 and renamed it Refinitiv, commented: “LSEG’s combination with Refinitiv creates a global leader in financial data and infrastructure. We are excited to be a long-term partner to LSEG as the company continues to grow and innovate.”

The shares of the combined company were admitted to the London Stock Exchange’s main market this morning. As previously stated, Refinitiv shareholders – a consortium of investment funds affiliated with Blackstone as well as Thomson Reuters – will hold a 37% share in the LSEG business and a 29% voting interest.

Martin Brand and Douglas M. Steenland join the LSEG board from Blackstone, along with Erin Brown, head of finance for the Thomson Reuters Corporates segment.

In November 2020, the LSEG named Refinitiv senior executives who would join the company’s executive leadership team. David Craig, CEO of Refinitiv, joins as head information services and CEO, Refinitiv. Debra Walton joins as chief revenue officer, information services, and Andrea Remyn Stone as chief product officer, information services.

The full line up comprises:

  • David Schwimmer – CEO, LSEG
  • Anna Manz – chief financial officer
  • David Craig – group head, information services and CEO, Refinitiv
  • Andrea Remyn Stone – chief product officer, information services
  • Debra Walton – chief revenue officer, information services
  • Daniel Maguire – group head, post trade and CEO, LCH Group
  • Murray Roos – group head, capital markets
  • Catherine Johnson – general counsel
  • Tim Jones – chief people officer
  • Anthony McCarthy – chief information officer
  • David Shalders – chief operating officer and head of integration
  • Brigitte Trafford – chief communications and marketing officer
Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best approaches for trade and transaction reporting

11 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a...

BLOG

Accelex Says its AI Agent Can Tame The ‘Nastiest’ Corner of Data Management

Unstructured data is the bugbear of private market data managers, but one of the latest entrant to the space claims to have a solution that can tame the “nastiest” part of data retrieval – private market fund quarterly reports. Accelex is a London-based artificial intelligence (AI) focussed FinTech that has launched a platform that can prise market-relevant...

EVENT

Future of Capital Markets Tech Summit: Buy AND Build, London

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...