Mr Shagoury will be responsible for technology throughout the group’s markets including group-wide IT organisation. He will work in conjunction with Tony Weeresinghe, CEO of MillenniumIT, as well as all other providers of technology services to continue to deliver technology transformation across the group.

Mr Shagoury joins the group from the American Stock Exchange (now part of NYSE Euronext) where he had been CIO since 2004. Between 1993 and 2003, he worked for Instinet, latterly as CTO for Instinet Services.

Moreover, Mr Shagoury’s appointment enables David Lester, the group’s director of information services, to run the Turquoise-Baikal integration process as well as realize the growth opportunities that exist within the information services division of the group.

Mr Rolet said: “We’re delighted to be welcoming Mr Shagoury to the group. His considerable industry experience will be an asset to the executive committee and the LSEG. In addition, the increased bandwidth across the top team will allow the group to take advantage of new opportunities and deliver on its growth strategy.”