John Mason has been introduced as the new chief executive officer of PPL, the electronic trading platform pivotal to the London insurance market.
Before this appointment, Mason held the position of group head of platform at the London Stock Exchange. His extensive background includes leading European Enterprise Solutions at Bloomberg and spearheading Thomson Reuters' efforts in response to MiFiD II, along with other regulatory and market structure initiatives.
“I’m honoured to have been given the opportunity to facilitate the London market’s drive to modernise,” Mason said. “The degree of transformation that PPL’s been able to achieve so far is impressive but there’s more to do. I’m very much looking forward to joining the PPL team and working with market firms to drive PPL’s competitive and innovative agenda.”
PPL's chairman, Steve Hearn, expressed his satisfaction with Mason's appointment, highlighting the rigorous selection process and Mason's proven track record in financial services transformation.
“During his career, he has acquired exceptional experience of data platform capabilities and operations,” Hearn said. “He’s uniquely placed to lead PPL’s digital transformation and to enable the London Market to realise the power and value of the data it holds.”
Mason, whose tenure begins in April, is set to replace Joe Gordon, the interim CEO, after a brief period of transition.
“It’s fair to say that under Joe’s leadership PPL has successfully transitioned to a business set for growth,” Hearn said. “Delivering a new technology architecture, strengthening collaboration with market bodies and defining a transformative strategy, means PPL can be the market enabler to unlock the commercial benefits of digitisation. His vision and his contribution have been invaluable.”
Recently, PPL also announced a multi-year deal with London-based insurtech Artificial Labs, with the aim to deliver a fully integrated digital trading experience in the London Market.
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