LSEG announces successful completion of its all-share acquisition, Refinitiv

Wednesday, 10 March 2021 00:00 - - {{hitsCtrl.values.hits}}

LSEG (London Stock Exchange Group) and Refinitiv have combined to become a leading global financial markets infrastructure and data provider.

LSEG and Refinitiv have long provided important services and products to the market: the data and analytics used every day to make important decisions; the tools to fight financial crime; the execution venues used to access liquidity, raise capital and discover pricing; the clearing houses used to manage risk and capital.

As a combined organisation, their commitment to the markets, and an awareness of the trust the financial system places in them, is as strong as ever.

At no time in its long history has LSEG been able to offer the range of capabilities it can today – from pre-trade and price discovery right through to clearing. It has extended its global reach. Customers have access to significantly enhanced datasets. And it has added new execution venues in the two largest traded asset classes: foreign exchange and fixed income.

LSEG’s Chief Executive Officer David Schwimmer said: “The completion of the acquisition of Refinitiv marks an important milestone in LSEG’s history. I am delighted to welcome our new Board Directors, shareholders, executive management and all the new Refinitiv colleagues joining LSEG.

This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers. LSEG is focused on delivering the benefits of the transaction helping customers to access data, trading tools, analytics and risk management across the financial markets and at scale around the globe. LSEG is well positioned for long-term sustainable growth in a rapidly evolving landscape as a leading global financial markets infrastructure and data provider.”

More than half of LSEG’s employees are now based across Asia. LSEG’s involvement and interest in Sri Lanka spans over a decade, following the acquisition of LSEG Technology (formerly known as MillenniumIT) in 2009.

The Group has continued to invest in extending their footprint in Sri Lanka with the opening of a Centre of Excellence, employing over 700 professionals from over 30 different disciplines in 2016.