Euronext Nominates Fabrizio Testa as New CEO of Borsa Italiana

Euronext, a leading European trading venue operator, announced on Thursday that the Board of Directors of Borsa Italiana and the Supervisory Board of Euronext N.V. have jointly nominated Fabrizio Testa as the CEO of Borsa Italiana, Head of Fixed Income trading for the Group and a member of the Managing Board of Euronext N.V.

According to the press release, his nomination is subject to regulatory and shareholders approval, which, if granted, will see Raffaele Jerusalmi stepping down from his position as CEO of Borsa Italiana effective November 28 by mutual consent. “After 11 years as CEO of Borsa Italiana, I would like to thank all my colleagues for their hard work, which has allowed the Borsa Italiana Group to have leading capabilities in innovation, growth and value creation while maintaining a highly reliable capital market infrastructure for the benefit of all our international financial community. E, BTP Italia, are just few examples of successful innovative services launched in the last 11 years. We were a pioneer on the ESG front, as the first 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 to launch a sustainability day for listed companies and investors, and we are proud of our Finance for Art project and the charity activity of our Foundation,” Jerusalmi commented.

In the same announcement, Euronext said that Angelo Proni was appointed by the Board of Directors of MTS as the new CEO of MTS and will take office after the approval of the 2021 financial results by MTS’ Board of Directors in Q1 of 2022.

Borsa Italiana Chairman Comments

Andrea Sironi, Chairman of Borsa Italiana, issued the following statement: “On behalf of the Board of Directors of Borsa Italiana and of all the colleagues of the Group, I want to express my gratitude to Raffaele for all that he has done for Borsa during his 11-year tenure as CEO. Under his leadership, Borsa Italiana has consistently delivered excellent economic results, creating significant value for all its stakeholders, has been a leading financial market infrastructure in terms of innovation and sustainability, as demonstrated by the success of a number of new initiatives such as the ELITE, AIM Italia, MIV and ExtraMOT markets, and has strengthened its international position. Working with Raffaele during the last six years has been a pleasure and an enriching experience. I am sure that Fabrizio, as the new leader of Borsa Italiana, Head of Fixed Income trading for the Group, within the European project of Euronext, will take our company to the next level for the benefit of all our clients, our teams and our partners.”

The announcement comes in the context of Euronext’s efforts to grow its business in Italy and across Europe, and ‘to enhance the financing of the real economy.’