Report
Eric Compton
EUR 101.80 For Business Accounts Only

Xavier's Departure Doesn't Take Away London Stock Exchange's X-Factor; Maintaining FVE and Ratings

London Stock Exchange’s third-quarter results began with a major announcement--Xavier Rolet is stepping down from his role as CEO at the end of 2018 after nearly a decade at the helm. While it will be impossible to fully replace Rolet, the change does not materially affect our overall view of the firm.  We believe London Stock Exchange has a deep bench of talent, and borrowing from Rolet’s words, “at the end of the day, it’s more about the institution than the individual.” As such, we are mainta...
Underlying
London Stock Exchange Group plc

London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Eric Compton

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