Here’s the David Schwimmer You’ve Never Heard of

In turning to Goldman Sachs Group Inc. dealmaker David Schwimmer as chief, the London Stock Exchange Group Plc is signaling a path to a potentially transformative combination.

He is a 20-year veteran of Goldman Sachs and will succeed charismatic Frenchman and fellow financier Xavier Rolet. Rolet quit last November after a spat between the exchange’s board and activist investor The Children’s Investment Fund Management, or TCI.

Here's the David Schwimmer You've Never Heard of

David Schwimmer

Source: London Stock Exchange Group Plc 

“Schwimmer’s a born and bred Goldman Sachs product,” said Magomed Galaev, who worked with him in Russia at the bank. “They’ve found a formula combining cut-throat competition with civility and decency, and he embodied that.”

The New York native, 49, who’s a fan of the Mets baseball team and an outdoors enthusiast, got a BA in English from Yale and a law degree from Harvard. After two years as an associate at the New York law firm Davis Polk & Wardwell, Schwimmer joined Goldman’s financial institutions group, focusing on market structure, brokerage and trading.

He later served as chief of staff to then-chief operating officer Lloyd Blankfein. Fluent in Russian, Schwimmer spent three years in Moscow running Goldman’s business there.

Schwimmer will face another Goldman alum, Theodor Weimer, as the LSE fends off efforts by Deutsche Boerse AG to take some of its prized clearing business, which is threatened by Britain’s decision to leave the European Union. Weimer took over the Frankfurt exchange in January, just months after competition authorities blocked an attempted merger between the two companies.