The London Stock Exchange Group (LSEG) is actively in the process of finding a new director to oversee its digital asset operations within the stock exchange.
According to a job posting on LinkedIn, the role will involve close collaboration with various teams across Capital Markets, Post-Trade, and Data and Analytics at LSEG.
LSEG is currently on the lookout for a highly experienced professional in the crypto and digital asset sector who can work across different markets. The ideal candidate they seek is an experienced Director and digital Asset Lead with a deep background in Financial Services, focusing on the go-to-market strategy and commercialization of digital solutions for Private Markets, including Private Funds, Private Equity, and Private Debt.
The chosen candidate should have a well-established network within the digital assets industry and the ability to build strong relationships with key decision-makers. It is also emphasized in the job posting that a strong enthusiasm for cryptocurrencies and a basic understanding of blockchain technology and digital assets are important qualifications for the role.
This hiring initiative follows the news of LSEG launching a blockchain-based system for trading digital assets.
Additionally, Murray Roos, LSEG’s group director, expressed the intention to enhance globalization, allowing global participation across various jurisdictions, including the UK government and Treasury, something not feasible in the analog world.
In parallel, LSEG is heavily investing in artificial intelligence (AI). LSEG is planning to develop high-quality generative AI models in collaboration with Microsoft. David Schwimmer, the CEO of LSEG, highlighted that these developments are still in their early stages, and discussions with customers are ongoing to explore the potential of combining their data securely with LSEG’s extensive data resources.
related: PayPal’s Crypto Services Officially Approved in the UK, Fueling Mainstream Adoption
Meanwhile, the United Kingdom’s Prime Minister, Rishi Sunak, recently made it clear that he doesn’t intend to rush AI regulations in the country. He believes that hastily implemented AI regulations could lead to regrettable mistakes in the future, citing concerns about the misuse of fast-evolving technology for harmful purposes such as the development of weapons, cyberattacks, the spread of disinformation, and child exploitation. In the most extreme scenarios, he warns of the risk of humanity losing control of AI entirely.