Euronext Starts New Year with Management Changes

Euronext, a European Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term that is part of the listed financial trading venue, IntercontinentalExchange Group (ICE), has reported that the firm has made a number of high level changes at the European bourse. Under the new arrangements the firm has created a new role for its French division with a new CEO taking charge of Euronext Paris. The move highlights ICE’s commitment to strengthen its European business after the multi-billion Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term with NYSE Euronext was approved by authorities in November 2013.

In total, four positions have been brought forward under the new structure. Anthony Attia has been appointed as the CEO of Euronext Paris, formerly Senior Vice President and Chief of Staff to Dominique Cerutti the Chief Executive of Euronext.

During its fourteen year history, Euronext Paris has never had an independent chief thus highlighting the exchange’s focus on enhancing the status of the Paris Exchange.

Mr. Cerutti commented about the new changes in a statement to the media, saying: “(The changes) will accelerate our targeted growth opportunities in Europe by bringing outstanding additional talent to our leadership team as we address the rapidly changing and increasingly competitive global landscape.”

Apart from the CEO role for Euronext Paris, the exchange has created another new role focusing on sales and business development. Lee Hodgkinson, who until now has led NYSE Euronext's Sales and Client Coverage, EMEA & APAC, has been appointed to head up Euronext’s Markets and Global Sales teams, a newly created division aimed at combining the commercial activities of Euronext’s markets business lines into a single unit.

Amaury Dauge has been appointed Chief Financial Officer of the Euronext NV group. Mr. Dauge, who until now was Head of Corporate Planning and Analysis for NYSE Euronext, will be responsible for all aspects of finance, treasury and investor relations.

The exchange has stated that another role has been created for a Chief Operating Officer, however, the individual has not been appointed as yet.

Since the merger in 2013, the NYSE Euronext entity has restructured its training units, the LIFEE unit will demerge pending regulatory approval.