Euronext hired new Chairman
Euronext has appointed Piero Novelli, a co-president at Swiss bank UBS, to become its new chairman, the pan-European stock market operator.
Novelli has been co-president of Investment Bank of UBS and a member of UBSâ€™ executive board since October 2018, Euronext said, adding that Novelli has also advised many Italian companies on major deals.
Stock market operator Euronext, which aims to close its 4.3 billion euro ($5.22 billion) acquisition of Borsa Italiana from the London Stock Exchange in the first half of 2021, reported higher-than-expected annual revenue earlier this month.
Growing income from listings, negotiating and clearing activities after some purchases helped promote the companyâ€™s annual results.
Data announced this month also showed that Euronextâ€™s Amsterdam hub had displaced London as Europeâ€™s biggest share trading centre after Britain left the European Union.