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The London Stock Exchange has appointed Chris Corrado as CIO following the departure of Antoine Shagoury after almost six years at the helm.
Corrado joins from US company MSCI, which provides institutional investors with tools and services, where he was IT head.
Shagoury, who joined from the American Stock Exchange in February 2010, was later appointed COO but retained his CIO role. He has decided to move back to the US to be with his family.
He played an important role in integrating the Millennium IT trading platform the London Stock Exchange acquired to replace its former platform, Tradelect, in September 2009.
Xavier Rolet, CEO of the London Stock Exchange Group, thanked Shagoury for his service and for helping to find his own replacement. “Antoine has identified a strong successor and developed a deep bench of talent to carry on his legacy. We wish Antoine all the best in his future career."
Corrado, who will also have the combined CIO and COO role, has also held senior IT roles at banks, such as Morgan Stanley, Deutsche Bank, Merrill Lynch and UBS. He has also been CTO at eBay, and CIO at AT&T Wireless.
"I’m confident the Group will benefit from Chris’s deep experience as we continue to diversify our business and grow our global footprint,” said Rolet.
“Our technology platform provides resilient, high-speed trading platforms, real-time market data, clearing and settlement systems, among a broad range of infrastructure products and services – not only to our own markets, but to a wide range of global customers, including banks, specialist trading firms and more than 40 exchanges and trading venues around the world.”
Read more about London Stock Exchange IT
- London Stock Exchange (LSE) CIO Antoine Shagoury – who recently added COO to his job title – talks about his balancing act at the LSE.
- The London Stock Exchange has appointed a group CIO to oversee the integration of its replacement IT platform from Millennium IT.
- The London Stock Exchange is dumping its Tradelect core trading platform in favour of a system from Sri Lanka-based Millennium IT.