Mr Milne has over 25 years financial markets experience and has held senior positions at a number of service providers to the capital markets. Mr Milne joins from Xtrakter (formerly ICMA and last year acquired by Euroclear) where he was chief executive and latterly a member of the Euroclear senior management team, before his resignation.

Massimo Capuano, who has been overseeing post trade services of the group, will continue in his role as CEO of Borsa Italiana, deputy CEO of the LSEG and head of legal and regulatory strategy.

Mr Rolet said: “We are delighted to welcome Mr Milne to the team. He brings a wealth of industry experience, which will add considerably to the strength of the executive team and our ability to take advantage of new opportunities in the provision of market infrastructure and ancillary services.”