London Stock Exchange Group chairman to learn fate at shareholder meeting

Activist investor TCI has secured a shareholder vote to decide Mr Brydon’s fate, scheduled for Tuesday December 19.

The London Stock Exchange Group is holding an extraordinary meeting on Tuesday (LSE/PA)

By Kalyeena Makortoff, Press Association City Reporter

London Stock Exchange Group chairman Donald Brydon is set to learn his fate on Tuesday when shareholders cast their votes over whether to oust him over the departure of former chief executive Xavier Rolet.

The group has been caught in a lengthy row with activist investor The Children’s Investment Fund (TCI), which claims that shareholders have lost faith in the chairman after he dismissed a “world class CEO without providing any good reasons”.