LSEG’s diversified business model drives resilience

Raphael Lim

Published Mon, Dec 5, 2022 · 05:50 AM

WHEN the London Stock Exchange Group (LSEG) announced its plans to buy data service provider Refinitiv in August 2019, the world was a very different place.

Yet, the Covid-19 pandemic, shifts in global monetary policy as well as geopolitical tensions in Europe have not held the group back from delivering on targets set when the acquisition was made.

LSEG’s chief executive David Schwimmer believes this can be traced to the resilience of the company’s diversified business model.

“We are diversified by product, by currency, by region, by customer; so from that perspective, we’re very well positioned to navigate an environment like this,” said Schwimmer in an interview with The Business Times.

Periods of uncertainty and volatility also mean customers may need certain aspects of LSEG’s business and offerings even more, he added.…