The chairman of credit reporting company Experian is tipped to become the next head of the London Stock Exchange (LSE).
Don Robert, who is a member of Court at the Bank of England, is the frontrunner to succeed the LSE’s outgoing chairman Donald Brydon, according to Sky News.
Discussions between Robert and the LSE’s board are understood to be at an advanced stage and the move is likely to be announced before Christmas, Sky News reported.
Last year the LSE said Brydon would not stand for re-election as chairman at the annual general meeting in April 2019.
The announcement followed a dispute between the stock exchange’s board and the Children’s Investment Fund Management (TCI), which held a five per cent stake in the LSE at the time.
Chief executive Xavier Rolet left amid the row. In April this year the LSE named former Goldman Sachs banker David Schwimmer as Rolet’s successor.
Robert has been on the board of Experian for over a decade, moving from chief executive to chairman in 2014.
The Experian boss will be the latest high-profile American figure to join the LSE if he is awarded the role.
The LSE and Experian declined to comment.