Posted in Clara Furse, Deutsche Borse, LSE, London Stock Exchange, Macquarie Bank, Nasdaq, OMX
Clara Furse, the first woman Chief Executive of the London Stock Exchange, has been honoured in the Queen’s Birthday Honours list as a Dame Commander of the British Empire (DBE), “for services to the financial services industry”.
Clara Furse, LSE Chief Executive.
Mrs Furse, who successfully saw off unwanted takeover approaches for the exchange from Nasdaq, Deutsche Borse, OMX and others, will receive the equivalent of a Knighthood for her efforts.
Other business leaders recognised in the awards with Knighthoods include Michael Snyder, the former Chairman of the City of London Corporation’s policy and resources committee, and Moir Lockhead, who transformed the regional bus company, FirstGroup.
Posted in Clara Furse, LSE, London, London Stock Exchange
Clara Furse is the Chief Executive of the London Stock Exchange (LSE) and a veteran in the world of finance.
The 50-year-old investment banker started her career in the City of London almost two decades ago. She has spent most of that time working in the cutting edge world of financial derivatives, such as futures and options, and gaining a range of top jobs along the way.
Jobs included, Group Chief Executive of Credit Lyonnais Rouse from 1998 to 2000; Director of LIFFE from 1991 to 1999, and Deputy Chairman from 1997 to 1999.
She was at Phillips & Drew (now UBS) from 1983 to 1998 and became a Director in 1988, Executive Director in 1992, Managing Director in 1995, Global Head of Futures in 1996. She is a Non-Executive Director of Euroclear plc, LCH.Clearnet and RICS Foundation.
She was appointed Chief Executive of the LSE in January 2001.
Posted in Capital Gains Tax, Clara Furse, LSE, London Stock Exchange, Vince Cable
Clara Furse, Chief Executuve of the London Stock Exchange, is under fire for a neat shimmy that will save her around £400,000 ($800,000) in tax.
The move transferred £5.1m ($10m) of shares in the LSE to her husband on the eve of the government’s changes to capital gains tax. It means she will pay only 10pc in CGT, instead of the new rate of 18pc which comes into force next Monday. This translates to a possible saving of £408,000 and an exposure to the new rate only on increases in the value of the shares.
Lib-Dem Treasury spokesman and political flavour of the month, Vince Cable, called it a “clever dodge”.
As the man said though, “No-one is under any obligation to help the authorities increase their take from one’s personal income”.
Posted in Carlyle Group, Credit Crunch, LSE, London Stock Exchange, Money, Share Price
Bloomberg is reporting that “Carlyle Group’s publicly traded mortgage bond fund failed to pay margin calls, prompting creditors to seek immediate repayment, as the burning subprime mortgage market scorches investors in even the highest-rated debt”.
The London Stock Exchange has been criticized for missing out on some IPOs recently. Amsterdam took this one.
Looks like the LSE was wiser than its critics.
