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Without drawing parallels, LSE chief urges a rethink of the exchange’s role

Jovi Ho
Jovi Ho • 9 min read
Without drawing parallels, LSE chief urges a rethink of the exchange’s role
LSE CEO Julia Hoggett: We genuinely think creating an ecosystem that supports the scaling and the health of companies is absolutely our job. Photo: Albert Chua/The Edge Singapore
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Julia Hoggett, chief of the London Stock Exchange (LSE), knows that her prior experience differs from that of her peers in the financial sector. “My background, actually, is as a sociologist specialising in Sub-Saharan East Africa; so, not your classical financial services background.”

The Cambridge graduate says her career has been about “answering exam questions”. Her decision to enter investment banking at JP Morgan was the first of many such tests, one she had posed for her postgraduate research: “How [do] some of the least-developed countries in the world operate in the global financial economy, according to rules that they didn’t set?”

Later, Hoggett joined the Financial Conduct Authority (FCA), the UK’s financial regulator, after close to four years at Bank of America Merrill Lynch. While at the FCA, Hoggett came to a realisation that ultimately made her decide to leave her post after seven years.

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