She was also filling a seat which had been vacant for four months - her predecessor, Gavin Casey
resigned following shareholder anger.
, former chief executive of the London Stock Exchange, becomes nonexecutive chairman.
Merger talks between the London Stock Exchange and Nasdaq fell apart two years ago because the then LSE boss Gavin Casey
refused to relinquish 51 per cent of his market.
Although outgoing LSE chief executive, Gavin Casey
, said companies on the iX would be able to choose which currency to list in at present, he said: "In due course it may well make sense for everything to be quoted in the same currency.
She filled a seat which had been vacant for four months, after former chief Gavin Casey
resigned following shareholder anger at the group's annual meeting.
Clara Furse took the helm at the LSE when predecessor Gavin Casey
resigned after botched merger talks with the Germans last year.
It also robs smaller brokers of the blocking power they vociferously demonstrated last September when they rejected a move to lift the stake cap and pushed out chief executive Gavin Casey
Chief executive Gavin Casey
said: "Extensive work is being undertaken to ensure that the immediate problem has been resolved.
The LSE also lost its chief executive, Gavin Casey
, following the failed merger plans, and the board faced fierce criticism from shareholders over strategy.
Cruickshank, who has to fend off the hostile approach alone following the resignation of chief executive Gavin Casey
a fortnight ago, labelled the Swedish bid "wholly inadequate".
The plans came as the LSE fights back after the failure of the Frankfurt merger proposal followed by the ousting of Chief Executive Gavin Casey
and the departure of Merrill Lynch as financial adviser.
THE boss of the London Stock Exchange, Gavin Casey
, yesterday bowed to City pressure and quit his pounds 624,000-a-year job.