Xavier Rolet

Rolet was born in Aix-les-Bains, France.{{Cite news|url=https://www.independent.co.uk/news/business/analysis-and-features/xavier-rolet-london-exchange-chief-drives-the-rough-road-2151506.html |archive-url=https://ghostarchive.org/archive/20220507/https://www.independent.co.uk/news/business/analysis-and-features/xavier-rolet-london-exchange-chief-drives-the-rough-road-2151506.html |archive-date=7 May 2022 |url-access=subscription |url-status=live|title=Xavier Rolet: London exchange chief drives the rough road|date=2010-12-05|work=The Independent|access-date=2018-01-03|language=en-GB}}{{cbignore}} He is the eldest of three children born to military parents. His early life was spent in Algeria and France.{{cite web|url=https://www.telegraph.co.uk/finance/markets/4991909/Xavier-Rolet-heralds-new-epoch-at-London-Stock-Exchange.html|title=Xavier Rolet heralds new epoch at London Stock Exchange|author=Louise Armitstead|date=14 March 2009|work=Telegraph.co.uk|access-date=15 April 2015}} After graduating from the KEDGE Business School with an MSc in management science and finance in 1981,{{Cite news|url=https://www.latribune.fr/entreprises-finance/banques-finance/le-patron-francais-du-london-stock-exchange-partira-avant-le-brexit-754826.html|title=Le patron français du London Stock Exchange partira avant le Brexit|work=La Tribune|access-date=2018-01-03|language=fr-FR}} he served as a second lieutenant and Instructor at the French Air Force Academy, earned an MBA from Columbia Business School in 1984{{Cite web|url=https://www.standard.co.uk/lifestyle/london-life/xavier-rolet-when-you-grow-up-in-a-poor-area-you-think-opportunities-are-for-others-8811669.html|title=Xavier Rolet: 'When you grow up in a poor area, you think opportunities are for others'|website=Evening Standard|date=12 September 2013}} and a post-graduate degree from Paris-based IHEDN (Institute of Advanced Studies in National Defence) in April 2008.{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=36140029&ticker=LSE:LN&previousCapId=874263&previousTitle=Dexia%20Bank%20Belgium%20SA|archive-url=https://web.archive.org/web/20121010210739/http://investing.businessweek.com/research/stocks/people/person.asp?personId=36140029&ticker=LSE:LN&previousCapId=874263&previousTitle=Dexia%20Bank%20Belgium%20SA|url-status=dead|archive-date=10 October 2012|title=Xavier Robert Rolet|work=Businessweek.com|access-date=15 April 2015}}

From 1984–1994, Rolet worked at Goldman Sachs in New York and London. At Goldman, he started on the international arbitrage desk in New York.{{cite web|url=https://www.reuters.com/article/2011/06/06/tmx-players-idUSN0223819820110606?feedType=RSS&feedName=mergersNews|archive-url=https://web.archive.org/web/20231126003447/https://www.reuters.com/article/2011/06/06/tmx-players-idUSN0223819820110606/?feedType=RSS&feedName=mergersNews|url-status=dead|archive-date=26 November 2023|title=FACTBOX-Key players in Canada's TMX takeover battle|work=Reuters|access-date=15 April 2015}} Then he joined Credit Suisse First Boston as Global Head of European Equities in 1994, working there until 1996. After that, Rolet worked at Dresdner Kleinwort Benson from 1997–2000 as Global Head of Risk and Trading.{{Cite news|url=https://www.independent.co.uk/news/business/news/xavier-rolet-london-stock-exchange-ceo-brexit-critic-step-down-2018-remainer-chief-executive-a8008201.html |archive-url=https://ghostarchive.org/archive/20220507/https://www.independent.co.uk/news/business/news/xavier-rolet-london-stock-exchange-ceo-brexit-critic-step-down-2018-remainer-chief-executive-a8008201.html |archive-date=7 May 2022 |url-access=subscription |url-status=live|title=The chief executive of the London Stock Exchange is stepping down next year|date=2017-10-19|work=The Independent|access-date=2018-01-02|language=en-GB}}{{cbignore}}

He then worked at Lehman Brothers from 2000–2008, in New York, as co-head of global equity trading, in London, as head of European and Asian equities, and in Paris, as CEO of Banque Lehman Brothers.{{cite news|url=https://www.bloomberg.com/news/2011-02-28/rolet-fights-to-tame-technology-at-lse-as-deutsche-boerse-steals-m-a-show.html|title=Rolet Wrestles Technology at LSE as Rivals Steal M&A Show|work=Bloomberg.com|date=28 February 2011 |access-date=15 April 2015}} He joined the Board of the London Stock Exchange in March 2009 and became CEO in May.{{cite web|url=http://www.lseg.com/about-london-stock-exchange-group/executive-team|title=Executive Team|work=London Stock Exchange Group|access-date=28 April 2016}} Rolet is noted for transforming the London Stock Exchange during his time as CEO.{{Cite news|url=https://www.ft.com/content/5bd9cc16-eb5b-11e5-bb79-2303682345c8|title=Profile: Xavier Rolet|website=Financial Times|date=16 March 2016|language=en-GB|access-date=2018-01-26}}{{Cite news|url=https://news.sky.com/story/lse-turmoil-of-2017-fails-to-dent-rolet-legacy-11272878|title=LSE turmoil of 2017 fails to dent Rolet legacy|work=Sky News|access-date=2018-03-08|language=en-GB}} He pioneered the ‘Open Access’ model which revolutionised and opened the Exchange Industry’s traditional vertical silos and is now enshrined in the new MiFIR European legislation which took effect on January 3, 2018, allowing customers to pick and choose which parts of the exchange they want to use, and also embarked on £3.5 billion of deals.

Under his leadership, the London Stock Exchange Group acquired MillenniumIT (2009), Turquoise Holdings Ltd (2010), FTSE Group (2011), TRS (2011), GATElab Srl (2012), EuroTLX Srl (2013), LCH.Clearnet (2013), Bonds.com (2014), Exactpro (2015), XTF (2015) and the Frank Russell Company (2014) from Northwestern Mutual, the Asset management arm of which was sold in October 2015 to TA Associates and Reverence Capital Partners.{{Cite news|url=https://www.ft.com/content/de196d06-a2a3-11de-ae7e-00144feabdc0|title=LSE buys MillenniumIT to cut costs|website=Financial Times|date=16 September 2009|access-date=2018-01-02}} In 2016, he acquired Mergent, Inc. and the Yield-Book & Citigroup’s Global Fixed Income Index Business from Citigroup, making FTSE Russell the largest Index Company in the World with ca $15 Trillion of Assets under benchmark. As per data released on 8 January 2018 by LCH,{{Cite web|url=https://www.lch.com/resources/news/lch-achieves-record-year-volumes-2017|title=LCH achieves a record year for volumes in 2017 {{!}} LCH Group|website=www.lch.com|language=en|access-date=2018-02-21}} London Stock Exchange Group's regulated entities traded, cleared and settled in excess of $1 Quadrillion of notional contracts and securities, making the London Stock Exchange Group one of the very largest financially systemic Institutions in the World.{{Cite news|url=https://www.reuters.com/article/lch-hits-swap-clearing-records-amid-brex/lch-hits-swap-clearing-records-amid-brexit-noise-idUSL8N1P32P8|title=LCH hits swap clearing records amid Brexit noise|work=Reuters|access-date=2018-02-21}}{{Cite news|url=https://www.risk.net/derivatives/5364141/ill-miss-my-team-rolets-parting-words|title='I'll miss my team': Rolet's parting words - Risk.net|date=2017-11-29|work=Risk.net|access-date=2018-02-21|language=en}}{{Cite news|url=https://www.ft.com/content/0a6bce2c-f470-11e7-8715-e94187b3017e|title=How much of a systemic risk is clearing?|website=Financial Times|date=8 January 2018|language=en-GB|access-date=2018-02-21|url-access=subscription |last1=Jenkins|first1=Patrick}}

In October 2015, LSE Group launched Curve Global, a new Futures Exchange co-owned with Barclays Bank, Bank of America, Citi, Goldman, Sachs, Societe Generale, BNP Paribas and the Chicago Board Options Exchange.{{Cite news|url=https://www.lseg.com/markets-products-and-services/our-markets/curveglobal|title=CurveGlobal|work=London Stock Exchange Group|access-date=2018-10-11|language=en}}{{Cite news|url=https://www.bankingtech.com/2015/10/london-stock-exchange-launches-major-interest-rate-derivatives-venture/|title=London Stock Exchange launches major interest rate derivatives venture|work=FinTech Futures|access-date=2018-10-11|language=en-gb}} In March 2016, the company announced it had reached an agreement with Deutsche Boerse AG to merge. The merger attempt was blocked by EU Regulator stating "The Commission's investigation concluded the merger would have created a de facto monopoly in the markets for clearing fixed income instruments".{{Cite web|url=http://europa.eu/rapid/press-release_IP-17-789_en.htm|title=European Commission - PRESS RELEASES - Press release - Mergers: Commission blocks proposed merger between Deutsche Börse and London Stock Exchange|website=europa.eu|language=en|access-date=2017-07-21}}

He took the firm from £800 million to £14 billion in value during his tenure and was ranked as one of the best 100 CEOs in the world in 2017 by the Harvard Business Review.{{Cite news|url=https://www.standard.co.uk/business/london-stock-exchange-s-turnaround-king-rolet-to-quit-next-year-a3662731.html|title=London Stock Exchange's turnaround king Rolet to quit next year|work=Evening Standard|access-date=2018-01-02|language=en-GB}}{{Cite news|url=https://hbr.org/2017/11/the-best-performing-ceos-in-the-world-2017|title=The Best-Performing CEOs in the World 2017|date=2017-11-01|work=Harvard Business Review|access-date=2018-01-02}}{{Cite news|url=http://www.cityam.com/274501/ranked-best-performing-chief-executives-world-2017|title=Ranked: The world's best performing chief executives 2017|last=Smith|first=Rebecca|date=2017-10-24|access-date=2018-01-02|language=en}}

In November 2017, Rolet announced that he would be stepping down as CEO of the London Stock Exchange Group.{{Cite news|url=https://www.nytimes.com/2017/11/29/business/dealbook/lse-xavier-rolet.html|title=London Stock Exchange C.E.O. Rolet to Step Down Immediately|last=Bray|first=Chad|date=2017-11-29|work=The New York Times|access-date=2017-12-01|language=en-US|issn=0362-4331}} Under his leadership, the value of London Stock Exchange Group rose from ca £800 Mln to £14Bln shortly before the announcement of his departure.

In April 2018, it was announced that Rolet would join the board of PhosAgro as a non-executive director.{{Cite news|url=http://www.cityam.com/283593/former-lse-boss-xavier-rolet-nominated-join-board-russian|title=Ex-LSE boss Xavier Rolet's latest venture to be a Russian fertiliser firm|last=Goldsmith|first=Courtney|date=2018-04-09|access-date=2018-05-14|language=en}}

In November 2018, it was announced that Rolet would join the Board of Verseon as a non-executive director.{{Cite news|url=https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VSN/13855938.html|title=Result of AGM and changes to the Board|last=Verseon Corporation|date=2018-11-06|access-date=2018-11-06|language=en}}

Rolet was a keynote speaker at the first European Securities and Markets Authority conference that was held in Paris.

Rolet delivered an address at the St Petersburg International Economic Forum.{{Cite news|url=http://valdaiclub.com/multimedia/video/turning-back-the-clock-valdai-spief/|title=Turning Back the Clock: Political Rivalry vs Economic Interaction. Valdai Club Session at SPIEF-2018|work=Valdai Club|access-date=2018-10-23|language=en-US}} He was a panellist at the Bank of England’s Open Forum event.{{Cite news|url=https://www.bbc.com/news/business-34798005|title=The Bank of England opens up|last=Johnston|first=Chris|date=2015-11-12|work=BBC News|access-date=2018-10-23|language=en-GB}}

Rolet contributed an article, Making capitalism popular again: learning the lessons from Lehman, to the Labour in the City Anthology, which was published in October 2018 to commemorate ten years since the Lehman Bros bankruptcy and launched at the City Corporation by Alistair Darling.{{Cite web|url=http://www.labourinthecity.org.uk/wp-content/uploads/2018/10/LITC-pamphlet-FINAL-15th-OCT.pdf|title=Ten Years On Banking Beyond the Crisis|date=2018-10-01|website=Labour in The City}}{{Cite news|url=http://www.cityam.com/267926/we-must-turn-page-public-perceptions-finance|title=We must turn the page on the public perceptions of finance|last=Clark|first=Andrew|date=2018-11-01|access-date=2018-11-06|language=en}}

On 21 December 2018 it was announced that Rolet was appointed as the new Chief Executive Officer of CQS (Asset Manager), an $18 Bln Alternative Asset Management Company founded in 1999 by Michael Hintze.

He was a board member of LCH.Clearnet and MTS Group and is a Board member of Columbia Business School,{{cite web|url=http://www4.gsb.columbia.edu/about/board|title=About Columbia Business School|author=cz|work=columbia.edu|access-date=15 April 2015}} a former vice-chairman of the World Federation of Exchanges WFE, an honorary fellow (FCSI/Hon) of the Chartered Institute for Securities and Investment CISI and a member of Her Majesty's Treasury's Financial Services Trade and Investment Board.{{Cite web|url=https://www.gov.uk/government/news/new-members-appointed-to-the-financial-services-trade-and-investment-board|title=New members appointed to the Financial Services Trade and Investment Board - GOV.UK|website=www.gov.uk|language=en|access-date=2017-12-27}}

Since October 2017, he is a member of the Committee of Expert Advisers at the Department for International Trade. He was a member of Prime Minister David Cameron's Business Advisory Group,{{Cite news|url=https://www.bloomberg.com/news/articles/2017-04-10/the-frenchman-who-feared-brexit-now-seeking-to-make-it-a-success|title=Frenchman Who Feared Brexit Now Seeking to Make It a Success|date=2017-04-10|work=Bloomberg.com|access-date=2017-12-27}} and is a member of the Governor of the Bank of England's Financial Services Forum and of the Bank of England's Open Forum.{{Cite web|url=https://www.bankofengland.co.uk/-/media/boe/files/speech/2015/introduction-to-the-open-forum.pdf?la=en&hash=ABDD3F5323D7C1CA2C83E24ACD07956513E053A7|title=Introduction to the Open Forum. Speech by Mark Carney.|website=Bank of England}} In October 2015, he was appointed an Honorary Knight Commander of the Order of the British Empire (KBE) by Her Majesty Queen Elizabeth II.{{Cite web|url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/509363/2015_Honorary_Awards_-_Final.pdf|title=Honorary British awards in 2015|website=GOV.UK}}

In December 2015, he was appointed Echansonnier 'A Camera Paramenti ' of the Echansonnerie de Châteauneuf-du-Pape.{{Citation needed|date=May 2018}} He was made a Knight of the National Order of the Legion of Honour of France in January 2016.{{Cite web|url=http://www.legiondhonneur.fr/sites/default/files/promotion/lh20160101_1_0.pdf|title=Décret du 31 décembre 2015 portant élévation à la dignité de grand'croix et de grand officier|website=Grande Chancellerie de la Légion d'honneur}} In 2016, Rolet was listed by UK-based company Richtopia in the global list of 500 most influential CEOs in the world.{{Cite news|url=http://richtopia.com/inspirational-people/500-ceos|title=Top 500 Most Influential CEOs Powerlist 2016|date=2015-12-24|work=RICHTOPIA|access-date=2018-05-17|language=en-GB|archive-date=8 March 2021|archive-url=https://web.archive.org/web/20210308084949/https://richtopia.com/inspirational-people/500-ceos/|url-status=dead}}

In July 2016, Rolet was made an Officer of Morocco's Royal Sharifian Order of Al-Alaoui (Order of Ouissam Alaouite).{{cite web|url=http://richtopia.com/inspirational-people/500-ceos|title=Top 500 Most Influential CEOs Powerlist 2016|date=24 December 2015|access-date=2 January 2018|archive-date=8 March 2021|archive-url=https://web.archive.org/web/20210308084949/https://richtopia.com/inspirational-people/500-ceos/|url-status=dead}}{{cite web|url=http://www.sussex.ac.uk/bam/newsandevents/?id=33643|title=News : News and events : Business and Management : University of Sussex|website=www.sussex.ac.uk|access-date=2 January 2018}}

In 2017, Debretts named Rolet in their list of the most influential people in finance.{{Cite news|url=https://www.telegraph.co.uk/news/0/debretts-500-list-finance/|title=Debrett's 500 List: Finance|date=2017|work=The Telegraph|access-date=2018-02-20|language=en-GB|issn=0307-1235}} He appeared in the Evening Standard list of London's 1,000 most influential people for several years.{{Cite news|url=https://www.standard.co.uk/news/the1000/the-progress-1000-londons-most-influential-people-2017-capitalisers-business-a3655286.html|title=The Progress 1000: Business|work=Evening Standard|access-date=2018-02-20|language=en-GB}}{{Cite news|url=https://www.standard.co.uk/news/the1000/the-progress-1000-londons-most-influential-people-2015-city-a2943686.html|title=The Progress 1000: London's most influential people 2015 - City|work=Evening Standard|access-date=2018-02-20|language=en-GB}}{{Cite news|url=https://www.standard.co.uk/news/london/the-power-1000-londons-most-influential-people-2013-deal-makers-the-city-8825923.html|title=The Power 1000 - London's most influential people 2013: Deal makers|work=Evening Standard|access-date=2018-02-20|language=en-GB}} He was named in the 2017 Harvard Business Review's List of the Best 100 CEOs in the World, was awarded a 2018 Lifetime Achievement Award by Risk magazine{{Cite news|url=https://www.risk.net/awards/5371226/lifetime-achievement-award-xavier-rolet|title=Lifetime achievement award: Xavier Rolet - Risk.net|date=2017-12-08|work=Risk.net|access-date=2017-12-27|language=en}} and the 2017 Lifetime Achievement Award by Futures and Options World.{{Cite web|url=https://globalinvestorgroup.com/articles/3689139/editorial-the-winner-takes-it-all|title=Editorial: The Winner Takes it All|website=globalinvestorgroup.com|access-date=2017-12-27}}

In December 2017, he was awarded the Order of Friendship (Орден Дружбы) of the Russian Federation.{{Cite web|url=https://investorsking.com/2021/11/12/xavier-rolet-resigns-amid-seplat-energy-debt-scandal/|title=Xavier Rolet Resigns Amid Seplat Energy Debt Scandal|date=12 November 2021}}

He has competed in several editions of the Dakar Rally, finishing 82nd (out of 575 crew on the starting line) in the 2009 edition with co-pilot Jean-Louis Juchault.{{Cite news|url=https://www.motorsport.com/dakar/news/dakar-final-standings-car-2009-06-19/|title=Dakar final standings - Car|work=Motorsport.com|access-date=2018-02-20|language=en}}

Rolet is the co-founder of Chêne Bleu wine, which is produced at La Verrière in France.{{Cite web|url=http://www.laverriere.com/|title=La Verriere|website=www.laverriere.com|access-date=2018-04-15}} Rolet renovated the estate and replanted vines during the mid-90s. Chêne Bleu is run by Rolet’s wife, Nicole.{{Cite news|url=https://www.ft.com/content/d4d0a2f6-a311-11e7-9e4f-7f5e6a7c98a2|title=Ventoux — the next hot thing|website=Financial Times|date=29 September 2017|access-date=2018-01-15|last1=Robinson|first1=Jancis}}{{Cite news|url=https://www.forbes.com/sites/cathyhuyghe/2017/07/27/how-to-hinder-progress-in-the-wine-industry-decline-your-seat-at-the-table/#58509f635622|title=How To Hinder Progress In the Wine Industry: Decline Your Seat At The Table|last=Huyghe|first=Cathy|work=Forbes|access-date=2018-02-22|language=en}} The wine went in to production in 2006 and the first reds were released in 2010.{{Cite news|url=https://www.ft.com/content/ba88d15a-a652-11e1-aef2-00144feabdc0|title=At home: Xavier Rolet|website=Financial Times|date=June 2012|access-date=2018-01-15}} Journalists have since dubbed Chêne Bleu as the first Super Rhône.{{Cite news|url=https://www.metro.news/the-rose-rainbow/1192948/|title=The rosé rainbow|work=Metro Newspaper UK|access-date=2018-10-17}} It is made to organic and biodynamic principles.{{Cite web|url=https://www.thedrinksbusiness.com/2017/11/in-the-magazine-super-rhones/|title=In the magazine: Super Rhônes|website=www.thedrinksbusiness.com|date=20 November 2017|language=en-US|access-date=2018-01-15}}{{Cite news|url=https://www.vanityfair.com/alist/2018/02/hired-it-through-the-grapevine|title=Hired It Through The Grapevine|last=Joseph|first=Robert|work=A-LIST|access-date=2018-02-22|language=en}} Every year La Verrière hosts an Extreme Wine course, which takes place over a week and includes a series of lectures and tastings.{{Cite news|url=https://www.wsj.com/articles/how-to-become-a-wine-connoisseur-1440070091|title=How to Become a Wine Connoisseur|last=Lyons|first=Will|date=2015-08-20|work=Wall Street Journal|access-date=2018-01-15|language=en-US|issn=0099-9660}}{{Cite news|url=https://www.thetimes.com/life-style/luxury/article/the-luxx-list-theworlds-best-bars-beverages-and-cocktail-essentials-fbh8rpndg|title=The LUXX list: the world's best bars, beverages and cocktail essentials|last=Lisa Grainger|first=Nina Caplan {{!}}|date=2017-09-09|work=The Times|access-date=2018-01-15|issn=0140-0460}}

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Category:London Stock Exchange people

Category:Columbia Business School alumni

Category:Living people

Category:1959 births

Category:British chief executives

Category:People from Aix-les-Bains

Category:Goldman Sachs people

Category:Credit Suisse First Boston

Category:Lehman Brothers people

Category:Businesspeople awarded knighthoods

Category:Honorary Knights Commander of the Order of the British Empire

Category:French knights

Category:French winemakers