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Julia Hoggett

CEO, London Stock Exchange · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

executivelseg.com ↗Wikipedia ↗

Dame Julia Hoggett leads the London Stock Exchange and chairs the UK's Capital Markets Industry Taskforce. Before joining LSEG in 2021, she served as Director of Market Oversight at the Financial Conduct Authority and held leadership roles at Bank of America Merrill Lynch.

23statements → 17claims → 12claims resolved → 83%fully supported → 4.09/5average certainty → 2.91/5average debate potential → 4.2/5argument clarity · the sources → 5said about them ↓

10 supported 2 partly supported 0 contradicted 2 not yet assessed 3 not checkable as stated how the 17 claims stand · each chip opens the sources

1 prediction · 16 assertions · 3 opinions · 2 insights · 1 what if · every statement was checked. The prediction and assertions are the 17 claims: statements the public record can support or contradict. 12 are resolved, 2 are not yet assessed, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Julia argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Hoggett: Most UK companies listing in the US perform poorly or delist
“In the last 10 years, only 20 UK companies have listed in the US that have raised over a hundred million. Of those, nine have already delisted, only four are trading up and the rest are trading down by over 80%.”
Julia Hoggett Mar 28, 2025 ▶ 0:18 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
90% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

Argument clarity: do they answer the question? how? →

4.2 / 5 directness 4.1 · coherence 4.5 · precision 4 · compression 3.8

redirected or did not address 9 of 40 assessed questions (23%). Watch them ▸

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

278 words/min while actually speaking · 12.2 um and uh per 1k words · 12.4 false starts per 1k · 31.9% of pauses land inside a clause

Measured by listening to the audio itself: 8,522 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 3/10
pushed back at the host 3/10
setup questions received 35%

Everything Julia Hoggett said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported
Hoggett: Most UK companies listing in the US perform poorly or delist
“In the last 10 years, only 20 UK companies have listed in the US that have raised over a hundred million. Of those, nine have already delisted, only four are trading up and the rest are trading down by over 80%.”
Julia Hoggett Mar 28, 2025 ▶ 0:18 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Insight
Hoggett: $10B to $20B companies risk getting lost in US markets
“Increasingly if you are absolutely, if you are a 10 to twenty billion company, don't go to the U.S. Because you'll get lost.”
Julia Hoggett Mar 28, 2025 ▶ 17:36 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
What-if
Hoggett: London market would have valued Arm's AI growth equally
“AI trade, which I'm utterly convinced would have happened in London as much as it happened anywhere else. I don't think, I think it's a, you can't prove a negative, but I think it's a falsity to say a London market wouldn't have valued that the same way.”
Julia Hoggett Mar 28, 2025 ▶ 20:42 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Insight
Hoggett: Prescriptive ESG reporting perversely favors extractive industries over green startups
“And there have been places where over-regulating these things has actually produced perverse outcomes, where investors are incentivized to invest in big extractive industries, for example, rather than medium-sized, scaling, green economy companies, because one…”
Julia Hoggett Mar 28, 2025 ▶ 43:36 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: UK stamp duty perversely taxes domestic stock investments over foreign ones
“Stamp duty is a perversity in the UK. We charge people to invest in UK stocks, but we don't charge them to invest in US stocks or European stocks.”
Julia Hoggett Mar 28, 2025 ▶ 0:04 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Not checkable as stated
Hoggett: UK growth rivaled top nations when pensions backed risk capital
“We used to have behemothic pension funds that invested a huge amount of their assets in driving risk capital into our economy, and when we did, our growth rates were as high as anywhere else in the world, and our capital markets were as vibrant as anywhere els…”
Julia Hoggett Mar 28, 2025 ▶ 3:06 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Not checkable as stated
Hoggett: UK post-GFC growth slowdown stems from pension scheme de-risking
“And I think you can trace some of the growth reduction that we've had post GFC to that sort of trend over the previous 2030 years.”
Julia Hoggett Mar 28, 2025 ▶ 5:23 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Not checkable as stated
Hoggett: London Stock Exchange listing rules are now globally competitive
“We changed our rules last year. We are now on a par with anywhere else in the world in terms of the flexibility and usefulness of our listing rules. They hadn't actually been changed since the eighties in any material fashion.”
Julia Hoggett Mar 28, 2025 ▶ 8:53 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: FTSE 100 daily free-float turnover exceeds S&P 500 and NASDAQ
“The percentage of the company's free float that is turning over in a given day is higher on the FTSE 100 than it is on the S&P 500 or the NASDAQ.”
Julia Hoggett Mar 28, 2025 ▶ 15:34 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: Yahoo Finance underreports London market liquidity by over 3x
“So if you go to Yahoo Finance and look at the liquidity in London versus liquidity in the US, it's actually wrong. Last time we checked it by a factor of over three.”
Julia Hoggett Mar 28, 2025 ▶ 15:49 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: Only 1% of Arm's post-IPO investors were UK-based
“In the first period of time after they listed only one percent of the investor base in Arm, which is a great British company based in Cambridge, coming out of our ecosystem, was owned by UK investors. Not one of our major pension funds had them as one of their…”
Julia Hoggett Mar 28, 2025 ▶ 20:54 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: Canadian and Australian pension funds outperform UK funds despite higher fees
“So if you look at, say, the performance of Canadian and Australian pension funds, they tend to pay higher fees than the fees that are being paid by UK pension funds, but they make higher real returns.”
Julia Hoggett Mar 28, 2025 ▶ 24:06 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Open · timeframe Mar 2025
Hoggett: UK is second largest equity capital market in free-market world
“We are the second largest equity capital market in the world in a free market economy.”
Julia Hoggett Mar 28, 2025 ▶ 29:16 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Opinion
Hoggett: Pension fund reform is the top priority for Rachel Reeves
“Pension Fund Reform. Turn the taps on.”
Julia Hoggett Mar 28, 2025 ▶ 42:29 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: Apple surpassed FTSE 100 market cap in summer 2020
“And in the summer of 2020, Apple was worth more than the FTSE 100 for the first time.”
Julia Hoggett Mar 28, 2025 ▶ 1:15 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Partly supported
Hoggett: UK creates more unicorns than any country besides US and China
“We create more unicorns than anywhere outside the US and China, and we're a world leading capital market by any measure.”
Julia Hoggett Mar 28, 2025 ▶ 2:17 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Opinion
Hoggett: UK financial regulation disenfranchises retail investors while leaving crypto friction-free
“And so under the guise of protecting retail, we've arguably disenfranchised them a bit. We've made it harder to access advice. We've made it harder for them to access regulated markets and yet our user journey in the cryptocurrency world is incredibly straight…”
Julia Hoggett Mar 28, 2025 ▶ 3:50 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Partly supported
Hoggett: The UK holds the world's second-largest pool of institutional capital
“We have the second largest pool of institutional capital in the world.”
Julia Hoggett Mar 28, 2025 ▶ 5:43 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Prediction Open · timeframe Dec 2030
Hoggett: Top 11 UK pension schemes committed 5% to private companies
“Our 11 largest defined, default defined contribution schemes have committed to committing five percent of their total assets to private companies by 20 30.”
Julia Hoggett Mar 28, 2025 ▶ 11:36 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: Removing UK domestic investment tax breaks depressed national investment
“So we used to have tax breaks to invest in the UK. We took them all away and then wondered why people didn't invest as much in the UK. Other countries do, don't do that.”
Julia Hoggett Mar 28, 2025 ▶ 26:00 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: LSE briefly beat Nasdaq as world's top market by capital raised
“Capital market, you know, and this is the thing that is sort of forgotten in, for most of the first few weeks of January, we were the largest equity capital market in the world by capital raised, ahead of NASDAQ.”
Julia Hoggett Mar 28, 2025 ▶ 31:38 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Assertion Supported
Hoggett: UK capital market ranks third globally, trailing only US and India
“We are the, I mean, as of today, if you take the 20, 24, 25 numbers by total capital raised, the only equity capital market countries in the world that are bigger than us are the US and India. Everywhere else is behind us. We're the only European market in the…”
Julia Hoggett Mar 28, 2025 ▶ 31:53 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings
Opinion
Hoggett: Corporate climate impact is a legitimate component of valuation
“A focus on the climate impact of companies is not wrong. If you think about an existential threat to multiple generations of what is happening to our planet, then actually it is a wholly legitimate thing to take into account in consideration of value.”
Julia Hoggett Mar 28, 2025 ▶ 43:05 Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20VC with Harry Stebbings

The other half of the tape: Julia Hoggett's own voice is left out of every number here. Other people bring the name up 5 times in 3 episodes on 20VC. every mention, with the transcript →

Who brings them up most Solly Solomou 3Tom Hulme 1Harry Stebbings 1

Every mention by year

tap a year for its mentions
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2025 5 mentions in 3 episodes 2 per episode

Appearances (1)

EpisodeDateSpeaking time
Julia Hoggett, CEO @ LSEG plc: The Myths and the Reality of The London Stock Exchange · 20 Mar 28, 2025 37m
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