Name: 倫敦證券交易所執行長談身分認同、勇氣與市場現代化！ (London Stock Exchange CEO on Identity, Courage & Modernizing Markets)
Uploaded: 2025-11-11T18:17:22.000Z
Duration: 36 min 32 s

to 不定詞

We all have to make big decisions in our lives, decisions that define and influence our professional and personal journeys.

我們人生中都會面臨許多重大決定，這些決定定義並影響著我們的職涯和個人生活。

未來簡單式

If you reflect on them, some were good and some I'm sure you'll definitely regret.

回顧這些決定，有些是好的，有些我敢肯定你一定會後悔。

In my nearly three decades as a financial journalist, I've interviewed literally thousands of CEOs, politicians and market voices.

在我將近三十年的財經記者生涯中，我採訪過數以千計的執行長、政治人物和市場人士。

And they all had to make choices to get where they are today.

他們都必須做出選擇，才能走到今天這個位置。

In this podcast, I hear about those decisions, as well as the moments of doubt, risk and conviction that impacted our guests journeys and the people they lead.

在這個 podcast 中，我將聽他們分享那些決定，以及影響他們旅程和領導團隊的懷疑、風險與信念時刻。

This is Executive Decisions with me, Steve Sedgwick.

這是《Executive Decisions》，我是 Steve Sedgwick。

In this episode, I speak to Julia Hoggett.

本集節目，我將與 Julia Hoggett 對談。

What you're seeking to do is make the best possible decision that you can in that context at that time with the information that you have.

你要做的就是在當下那個情境下，根據你擁有的資訊，做出最好的決定。

Which also means that if the context changes or the information changes, it is absolutely fine to also change your mind.

這也意味著，如果情境或資訊改變了，你改變心意也是完全沒問題的。

Julia is the CEO of the London Stock Exchange.

Julia 是倫敦證券交易所的執行長。

Today, she's one of the most important voices in British capital markets.

今天，她是英國資本市場上最重要的聲音之一。

If you have a plan, what you think you're capable of at the time is not necessarily what time proves you're capable of.

如果你有個計畫，當時你認為自己能做到的事，不一定是你後來被證明能做到的事。

Raised in a family of trailblazers, she made history herself as the first openly gay leader of a global stock exchange.

在開創者的家庭中長大，她自己也創造了歷史，成為第一位公開出櫃的全球證券交易所領導者。

I remember thinking, if I don't come out, it's harder to deny who I am than it is to cope with the consequences of what I'm about to say.

我記得當時想，如果我不出櫃，否認自己是誰，比承受我即將說出的話所帶來的後果還要困難。

That moment shaped how Julia leads, how she builds culture, and how she makes decisions that ripple across the financial world.

那個時刻形塑了 Julia 如何領導、如何建立文化，以及如何做出影響金融界的決策。

These are Julia Hoggett's executive decisions.

這些是 Julia Hoggett 的 Executive Decisions。

I can't work out why you became a banker, a regulator, and of course, more recently a CEO of the London Stock Exchange.

我搞不懂你為什麼會成為銀行家、監管者，當然，還有最近的倫敦證券交易所執行長。

你當時正在做一個關於馬拉威的專案。

You have parents who are eminent QCs and judges as well.

你的父母都是知名的律師和法官。

這是一個非常、非常好的問題。

I always describe my career as about answering exam questions.

我總是形容我的職業生涯就是在回答考題。

That is sort of the philosophy of my life in many regards.

在很多方面，這就是我的人生哲學。

And I was, as you say, I was at Cambridge reading social and political sciences and chose not to go into the law because my family were all lawyers.

正如你所說，當時我在劍橋讀社會與政治科學，選擇不從事法律，因為我全家人都是律師。

You say you didn't want to go into the legal profession because both of your parents were in that.

你說你不想從事法律專業，因為你的父母都在那個領域。

Your father, John Hoggett qc, your mother is a very famous judge, Baroness Hale of Richmond as well, who was, I think, the first female head of the Supreme Court, which is extraordinarily eminent as well.

你的父親是 John Hoggett 律師，你的母親是一位非常著名的法官，同時也是里奇蒙男爵夫人，我認為她是最高法院的首位女性領導者，這也非常傑出。

As well, you didn't want to do it because they were doing it because what, you thought you'd be competing with them or because you.

還有，你不想做是因為他們在做，是因為什麼？你覺得你會跟他們競爭，還是因為你。

I mean, I grew up with the law as just part of the conversation, you know, I grew up thinking I wanted to be a lawyer and understanding its amazing purpose in serving society.

我是在法律的氛圍中長大的，你知道的，我從小就覺得我想當律師，也明白它在服務社會上有著很棒的意義。

There was one weekend when my godfather, who was also a Queen's Council, was hosting a party and I was talking with a friend of my father and my godfather's who was also a Queen's Council and ran a settler chambers in London.

有一個週末，我的教父，他也是一位律師，正在辦派對，我跟我父親和教父的一位朋友哈拉，他也是一位律師，在倫敦經營一家律師事務所。

And he said, look, Julia, when you graduate, give me a ring and we'll talk about what you can do next.

他對我說：「聽著，Julia，等你畢業後，打電話給我，我們可以聊聊你接下來能做什麼。」

Fully assuming that I was going to read law and fully assuming I'd want to be a barrister like my father.

他完全假設我會去讀法律，也完全假設我想成為像我父親一樣的訴訟律師。

Now, my father ran the largest set of planning chambers outside of London at the time and had upwards of 2000 applications for the pupilages that they gave out.

當時我父親經營著倫敦以外最大的規劃律師事務所，他們提供的實習名額有兩千多份申請。

Not giving me anything that they shouldn't do, but kind of articulating to me really clearly that unique opportunity that I would be given because of who my parents were, that those 2,000 other people who were handwriting their applications to my father's chambers in Manchester would not get.

沒有給我任何他們不該做的事，而是很清楚地向我闡述，因為我父母的關係，我將獲得一個獨特的機會，而那兩千多個正在親手寫申請信給我在曼徹斯特的父親律師事務所的人，卻不會有這個機會。

And I realized would I know at the end of my career whether I got there because of me or because of who my parents were.

我意識到，在我職業生涯結束時，我會知道我是因為自己還是因為我的父母而成功的。

And that was why I did that handbrake turn and selected the thing I was next most interested in, which I thought was politics and became sociology because I realized I wanted to make my own path.

這就是為什麼我急轉彎，選擇了我接下來最感興趣的事情，我當時認為是政治，後來變成了社會學，因為我意識到我想走出自己的路。

But I didn't want to feel that I'd kind of gone on their coattails in terms of what I did next.

但我不希望感覺我在接下來的成就上是搭了他們的順風車。

Extraordinary maturity at a young age, to say at the end of my career, I won't know whether I made it on my own.

年紀輕輕就展現出非凡的成熟度，在職業生涯結束時說，我不知道自己是否是靠自己成功的。

It's the opposite of the Nepo baby syndrome we hear so much about now as well.

這與我們現在經常聽到的「尼波寶貝症候群」恰恰相反。

Have you always been so considered in everything you've done?

你做任何事情的時候，一直都這麼深思熟慮嗎？

Because I think one thing I know is you only make it in life if you're very hard working, you are incredibly talented or you have enormous amount of luck.

因為我覺得我瞭解的一件事是，你在人生中能有所成就，是因為你非常努力、你才華橫溢，或是你擁有極大的運氣。

You need at least a couple of those to really make, in my opinion, to make it as well.

我認為，要真正有所成就，至少需要其中幾項。

I believe in the hard work bit and you believe in the hard work bit, but I mean, luck and opportunity, they do come into it as well.

我相信努力工作的部分，你也相信努力工作的部分，但我是說，運氣和機會，它們也確實會影響。

My career has been an almost infinite number of sliding doors moments for me.

我的職業生涯對我來說，幾乎有無數個「滑門時刻」。

The way I describe it is I, I got taught the rules of the game of what I think kind of classically, and we shouldn't call it this anymore, but so white collar work around the dining table, you know, that sense of how do you operate in these spaces, how do you understand what the appropriate behavior is, how do you think about what those motivations are?

我描述它的方式是，我學到了我認為是經典的遊戲規則，我們現在不應該這樣稱呼，但你知道，那種關於如何在這些場閤中運作、如何理解適當的行為、如何思考那些動機的感覺，是在餐桌旁學到的白領工作。

And one of the things I'm very conscious of is that's an immense privilege and there are incredibly talented people who are growing up in households where that's not the case.

而我非常清楚的一件事是，這是一種巨大的特權，而且有許多才華橫溢的人，他們成長的家庭並非如此。

I know you're stunningly proud of your father, but he was a man in a man's world.

我知道妳非常以妳的父親為傲，但他身處的是一個男人的世界。

Your mother has had unbelievable success.

妳的母親取得了令人難以置信的成功。

No, not unbelievable, fantastic and well earned success as well.

不，不是難以置信，是絕佳且實至名歸的成功。

But how much of a major influence has her as a groundbreaker become for you, as being a groundbreaker yourself?

但她作為先驅，對妳自己也成為先驅，有多大的影響呢？

She grew up at a time when there were only six places at Cambridge for women to read law, out of a hundred places, because there were only two female colleges and they had three students each.

她成長的年代，劍橋大學法律系只有六個名額給女性，總共一百個名額，因為只有兩所女子學院，每間各收三名學生。

We forget that actually by being men only colleges, it was actually saying you could therefore only have 94% of any year intake was men, not women.

我們忘了，實際上因為是男性專屬學院，所以每年錄取的學生中，只有 94% 是男性，而不是女性。

I think there may have been one female High Court judge, no female appeal court judges, no female law lords ever.

我認為可能只有一位女性高等法院法官，沒有女性上訴法院法官，也沒有女性最高法院法官。

And so she thought she was going to be a solicitor in a small county town solicitors office, you know.

所以她以為自己會成為一名律師，在一個小鄉鎮的律師事務所工作，妳知道的。

And so the idea that kind of if you have a plan, what you're actually capable of is what you set in the plan is, is actually not often the case.

所以，那種「如果你有個計畫，你實際能做的就是計畫好的」的想法，其實常常不是真的。

I think it's incredibly valuable, particularly the, the more senior my roles have become and the more high profile they've become to be able to have observed somebody else go through that.

我認為這非常有價值，特別是隨著我的職位越來越高、越來越受矚目，能夠觀察到別人經歷過這些。

Yeah, you know, I think getting a ringside seat to some of the things that mums had to navigate gives you an understanding of just the realities of what it actually is to sit in these kind of seats and what, what comes with it, if you sort of mean.

對啊，你知道的，我認為能近距離觀察媽媽們必須克服的種種困難，能讓你瞭解坐在這些位置上實際是什麼樣子，以及隨之而來的一切，如果你明白我的意思的話。

I think there's something more fundamental actually though, which is that what Mum has done at various points in time.

我認為其實還有更根本的東西，那就是媽媽在不同時期所做的事情。

It's two philosophical things I think that it's taught me.

我認為這教會了我兩件哲學上的事。

The first is one of the most foundational things.

She was, was a law commissioner, so she wrote the Children act, she wrote the no Fault Divorce Report that took about 20 years to actually come into being.

她是法律委員，所以她寫了《兒童法》，她寫了那份花了將近 20 年才實現的「無過失離婚報告」。

They're tasked by the government to look at the existing body of law, look at this world as it is today, and decide whether that body of law is fit for purpose or whether it needs to be updated.

他們受政府指派，去審視現有的法律體系，看看當今的世界，並決定現有的法律是否適用，或者是否需要更新。

And she was doing that at a time that it was really to give children rights both vis a vis their parents and vis a vis the state.

而且當時她正在做這件事，主要是為了給孩子們權利，無論是相對於他們的父母，還是相對於國家。

First time in British legal history, effectively.

這在英國法律史上是第一次，可以說。

And therefore she engendered in me this concept that if you don't like the system, work to change the system.

是以，她在我心中培養了這樣一個觀念：如果你不喜歡這個體系，就努力去改變它。

Not that you're just passive recipients of it, but that you can act on a problem and you can think big about doing so.

而不是被動接受，而是你可以針對問題採取行動，並對此進行宏大的思考。

And when you become a regulator, that's how you have to think.

當你成為監管者時，就必須這樣思考。

You don't make rules for one company, you make rules for an ecosystem.

你制定的規則不是針對一家公司，而是針對整個生態系統。

So that sense that that is possible, I think has just always been there.

所以，我認為這種可能性一直都存在。

From watching my mother's career and every stage of your career as you've become, gone from success to success to success, that line, if you don't like the system, change the system that stuck with you.

看著我母親的職業生涯，以及你職業生涯的每一個階段，從一個成功走向另一個成功，那句話「如果你不喜歡這個體系，就改變它」一直伴隨著我。

We all have loads of wonderful sayings and things we want to do, but is that one of the key things for you?

我們都有很多很棒的說法和想做的事，但這對你來說是關鍵的事情之一嗎？

If it's not working, don't be a passive recipient of it.

Consider what role you could play in making it work.

想想你能扮演什麼角色讓它成功。

The other thing is, one of the things I realized, particularly when I became a regulator, is one of the acts of leadership is to decide things.

另一件事是，我意識到的一件事，尤其是在我成為監管者之後，領導力的其中一項就是做決定。

Now, if you just punt it back time and time again, go, I need a bit more information about this, a bit more information about this.

現在，如果你一次又一次地推託，說我需要更多關於這個的資訊，更多關於那個的資訊。

You're actually not moving your organisation forward, particularly as a regulator, because it just spins the wheels and goes back around the houses.

你其實沒有讓你的組織前進，特別是作為監管者，因為這只會原地空轉，然後又回到原點。

So you have to be prepared to have a risk appetite to make decisions.

所以你必須準備好承擔風險，做出決定。

But Mum used to tell me this about judging.

但我媽以前跟我說過關於判斷的事情。