Qatar Investment Authority backs London Stock Exchange Group chairman

The LSE’s second largest shareholder has taken a position to support Donald Brydon.

The London Stock Exchange's chairman has gained backing from its second largest shareholder (PA)

By Kalyeena Makortoff, Press Association City Reporter

The London Stock Exchange Group chairman Donald Brydon has gained backing from a major shareholder, dampening prospects of his ousting at an investor meeting next week.

The Press Association understands that the Qatar Investment Authority (QIA) has taken a position to support the chairman, despite accusations by activist investor the Children’s Investment Fund Management (TCI) that Mr Brydon pushed out former chief executive Xavier Rolet.