New CEO for Borsa Italiana, to further grow the business in Italy
and in Europe
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New CEO for Borsa
Italiana, to further grow the business in
Italy and in Europe
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and
Paris –
28 October
2021 – Euronext announced today that the Board of
Directors of Borsa Italiana and the Supervisory Board of Euronext
N.V. have respectively nominated Fabrizio Testa, currently CEO of
MTS, as CEO of Borsa Italiana, and as Head of Fixed Income trading
for the Group and member of the Managing Board of Euronext N.V.,
subject to regulatory and shareholders approvals. Raffaele
Jerusalmi will step down from his position as CEO of Borsa Italiana
as of 28 November 2021, by mutual consent.
Fabrizio Testa will take up his functions as CEO
of Borsa Italiana and Head of Fixed Income trading for the Group on
28 November 2021. He will step down from his position as CEO of MTS
in the course of Q1 2022. Fabrizio Testa will actively work to
develop the Borsa Italiana business in Italy, implement the
integration of Borsa Italiana within the Euronext European project
and lead the Euronext Fixed Income trading ambition. Fabrizio Testa
will join the Managing Board of Euronext N.V.1 to be a key
contributor to the Euronext Group strategy. Angelo Proni has
been appointed by the Board of Directors of MTS as new CEO of MTS
and will take office after the approval of the 2021 financial
results by MTS’ Board of Directors in Q1 2022. Angelo Proni will
join the extended Managing Board of Euronext N.V. and continue to
be supported by the MTS Chairwoman Maria Cannata, the General
Manager Ciro Pietroluongo and all other senior executives.
With the appointment of Fabrizio Testa at the
Managing Board of Euronext N.V.1, Italian business leaders
contribute to every single level of the Euronext Group governance:
the CEO of MTS and Giorgio Modica, Group CFO, are members of the
Extended Managing Board; CDP Equity (CDPE) and Intesa Sanpaolo are
members of the Committee of Reference Shareholders; Piero Novelli
is an independent member of Euronext N.V Supervisory Board, which
he chairs since 1 September 2021; Alessandra Ferrone is a
member of the Supervisory Board representing CDPE as one of the two
largest shareholders in Euronext N.V; Andrea Sironi is Chairman of
the Board of Borsa Italiana; and Consob has joined the College of
Regulators of Euronext N.V.
The combination of Borsa Italiana with
Euronext’s European project is a unique opportunity to leverage the
strengths and the high level of expertise of the teams in Italy,
and across the European locations of the combined Group, for the
benefit of our clients and to enhance the financing of the real
economy in Italy and in Europe.
Andrea Sironi, Chairman of Borsa Italiana, said:
“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.”
Raffaele Jerusalmi said: “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. Elite, 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 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. Finally, I want
to take the opportunity to thank all our regulators for their
constant support over the years. I am glad to leave the Borsa
Italiana Group stronger than ever with a record financial
performance, despite the complexity of the transition during the
pandemic. The Borsa Italiana Group has now entered into a new
chapter of its history, and will grow its business in Italy and all
over Europe. I would like to congratulate Fabrizio and wish all the
best to my colleagues for their future in the construction of this
European project.”
Stéphane Boujnah, CEO and Chairman of the
Managing Board of Euronext N.V., said: “I would like to thank
Raffaele Jerusalmi for his significant contribution to the
development of the Borsa Italiana Group and for his commitment to
the integration of the Borsa Italiana Group within Euronext since
the completion of the transaction in April 2021. We are pleased to
welcome Fabrizio Testa as CEO of the Borsa Italiana Group, Head of
Fixed Income trading for the Group, and member of the Managing
Board of Euronext N.V. Under his leadership, we will continue to
focus on delivering the best services to our clients and to grow
the business of the new combined Group in Italy and all over
Europe.”
Fabrizio Testa said: “I am honoured to take the
role of CEO of Borsa Italiana and Head of Fixed Income trading of
Euronext. I would like to commend my MTS colleagues for what we
have achieved during the last few years, together we built a truly
European leader in electronic fixed income trading. Client
centricity, team work, international vision and innovation will
continue to drive me in my new roles. I am glad to be part of the
European project of Euronext and look forward to make the most of
Borsa Italiana and Euronext combined strengths. Finally, I would
like to thank Raffaele and wishing him all the best.”
CONTACTS INVESTOR RELATIONS: |
|
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Aurélie Cohen –
Chief Communications and Investor Relations Officer |
+33 1 70 48 24
17 |
ir@euronext.com |
Clément Kubiak –
Investor Relations Manager |
+33 1 70 48 26
33 |
CONTACTS
MEDIA: |
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Aurélie Cohen
(Europe/Paris) |
+33 1 70 48 24
45 |
mediateam@euronext.com |
Andrea Monzani
(Europe/Milan) |
+39 02 72 42
62 12 |
amonzani@euronext.com |
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
the Netherlands, Norway and Portugal. With close to 1,920 listed
issuers and around €6.5 trillion in market capitalisation as of end
September 2021, it has an unmatched blue chip franchise and a
strong diverse domestic and international client base. Euronext
operates regulated and transparent equity and derivatives markets,
one of Europe’s leading electronic fixed income trading markets and
is the largest centre for debt and funds listings in the world. Its
total product offering includes Equities, FX, Exchange Traded
Funds, Warrants & Certificates, Bonds, Derivatives, Commodities
and Indices. Euronext also leverages its expertise in running
markets by providing technology and managed services to third
parties. In addition to its main regulated market, it also operates
a number of junior markets, simplifying access to listing for SMEs.
Euronext provides custody and settlement services through central
securities depositories in Denmark, Italy, Norway and Portugal.
For the latest news, go to euronext.com or
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(linkedin.com/euronext).
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Biography of Fabrizio Testa
Fabrizio Testa joined MTS, part of Euronext, as
Senior Relationship Manager and contributed to the successful
launch of BondVision, the MTS Dealer to Client market. After taking
the role of Head of Product Development, he was appointed CEO in
2014 and joined the extended Managing Board of Euronext in 2021,
following the acquisition of the Borsa Italiana Group.
Previously Fabrizio Testa was Head of Money
Market Desk at Bank of America Milan, giving him extensive
knowledge of the European fixed income markets. He then moved on to
cover short-term Euro government bonds as a senior bond trader at
Bank of America London branch.
Currently Fabrizio Testa represents Euronext in
the FICC Market Standards board and in 2017 he joined the Expert
Group on Corporate Bond Market Liquidity of EC-FISMA.
Fabrizio served as Second Lieutenant in the
Italian Carabinieri prior to graduating in Economics & Finance
at “Bocconi” University in Milan.
1 Subject to regulatory and shareholders approvals
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