Euronext appoints new CEO for Borsa Italiana

Karthik Subramanian

Euronext has announced the appointment of Fabrizio Testa, the CEO of MTS, as the new CEO for Borsa Italiano and Head of Fixed Income Trading as well as the member of the Managing Board of Euronext N.V. and he will be replacing Raffaele Jerusalmi who will be stepping down as the CEO on 28th November 2021.

Fabrizio would be expected to grow the business of the company in the European region and specifically in Italy as the company looks to push ahead with its plans for good marketing and upgrades to its platforms. He will also be busy with the integration of the Borsa Italiano with the Euronext European project and as a member of the managing board, he would be expected to take more responsibility in determining the direction of the company and its strategy going forward. He is expected to step down as the CEO of MTS in the first quarter of 2022 to ensure a smooth transition over time.

Fabrizio Testa said: “I am honored 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, teamwork, 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 making the most of Borsa Italiana and Euronext’s combined strengths. Finally, I would like to thank Raffaele and wish him all the best.”

It is reported that with the appointment of the new CEO, there is a range of Italians in the top level of management of the Euronext Group and the integration of Borsa Italiano with the European project is expected to help in combining the strengths of both the entities to form a strong platform that will be used across multiple locations in Europe. With Brexit, it is expected that more trading and investments would begin to flow into the European region as London would no longer remain the financial capital of the whole of Europe and this is likely to yield multiple opportunities for the various exchanges and trading platforms within Europe.

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