Clara Furse

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Dame Clara Furse
DBE
Born (1957-09-16) 16 September 1957 (age 57)
Canada
Nationality British/Dutch
Occupation Businesswoman,
Known for First female CEO of the London Stock Exchange
Spouse(s) Richard Furse (1981-present)
Children 3[1]

Dame Clara Hedwig Frances Furse DBE (born 16 September 1957) was the Chief Executive of the London Stock Exchange between 2001 and May 2009, and was the first female to occupy the position. In 2005 she was ranked 19th in Fortune magazine's Most powerful women in business list.[2]

Biography[edit]

Furse was born in Canada to Dutch parents, and educated at schools in Colombia, Denmark and Britain. She graduated from the London School of Economics in 1979 with a BSc in economics.[3]

She was Chief Executive of the London Stock Exchange Group from January 2001 to May 2009. During this period she was also a non-executive Director of Euroclear plc, LCH Clearnet Group Ltd., Fortis and a member of the Shanghai International Financial Advisory Council.

Before she joined the Exchange, Furse was Group Chief Executive of Credit Lyonnais Rouse from 1998 to 2000, and before that she spent 15 years at UBS.

Furse's career has spanned a broad range of global financial markets. She began her career in 1979 as a broker, joining Phillips and Drew in 1983. At UBS she became a Managing Director in 1995 and Global Head of Futures in 1996. During the 1990s she also served as a non-executive Director, Committee Chairman and Deputy Chairman of LIFFE, the UK’s first financial futures exchange.

Furse is currently a non-executive Director of Legal & General Plc, Amadeus IT Holdings SA, Nomura Holdings Inc., Chairman of Nomura Bank International and a non-executive Director of Nomura’s FCA-regulated subsidiaries. She is also a Director of the UK’s Department for Work and Pensions and Chairman of the Lead Expert Group of the UK Government’s Office for Science Foresight Project on the future of computer trading in financial markets.

In 2007, Furse was listed among Time's 100 Most Influential People in The World.[4]

Damehood[edit]

She was appointed Dame Commander of the Order of the British Empire (DBE) in the 2008 Birthday Honours.

Fortis[edit]

Furse was a non-executive director of Fortis when the Belgian bank, in partnership with Royal Bank of Scotland and Santander, purchased ABN Amro in 2008.[5] The purchase was disastrous: RBS collapsed into state ownership while Fortis needed a bailout and was subsequently dismembered and sold off in parts.[6] Only Santander survived intact.

See also[edit]

References[edit]

  1. ^ "Clara Furse: A stubborn City champion who batted for the Stock Exchange". theguardian. May 22, 2009. 
  2. ^ "FORTUNE's Most Powerful Women in Business". Money.cnn.com. Retrieved 2014-02-03. 
  3. ^ "Press and Information Office - Press and Information Office - External Relations Division - Services and divisions - Staff and students - Home". Lse.ac.uk. 2014-01-30. Retrieved 2014-02-03. 
  4. ^ Smith, Adam (2007-05-03). "Clara Furse - The 2007 TIME 100". TIME. Retrieved 2014-02-03. 
  5. ^ Pratley, Nils (2013-03-26). "Dame Clara Furse: being bailed out is no bar to serving on FPC | Business". The Guardian. Retrieved 2014-02-03. 
  6. ^ "Fortis bailed out by three Governments". Finance Markets. Retrieved 2014-02-03. 

External links[edit]