Euronext preps for Borsa Italiana acquisition with management reshuffle
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Euronext preps for Borsa Italiana acquisition with management reshuffle 18 January 2021Holland Reporter: Natalie Turner
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Euronext is reshuffling senior management responsibilities ahead of its upcoming acquisition of Borsa Italiana Group.
The European exchange group’s purchase of Italy’s only exchange was contingent on the London Stock Exchange Group (LSEG) needing to divest 99 per cent of its stake as part of its own acquisition of Refinitiv.
Last week the European Commission approved LSEG’s deal
with the data analytics firm, meaning the sale to Euronext is now highly likely to be completed in the coming months.
In preparation, Euronext Paris CEO Anthony Attia will vacate his position to become global head of primary markets and post trade in order to play a central role in the integration of the Borsa Italiana Group activities.
Attia will oversee Euronext’s equity, debt and fund listing franchise and the corporate services business, as well as clearing, custody and settlement activities at group level.
He will remain a member of the operating committee and the extended managing board of Euronext.
The role of Euronext CEO and member of the managing board of Euronext will be taken on by Delphine d’Amarzit, who joins from Orange Bank on 15 March.
d’Amarzit most recently served as Orange Bank’s deputy CEO where she was responsible for the oversight of the operations, credit, finance, risk and compliance functions.
She had also held senior positions within the French treasury department for several years with responsibilities for capital markets development, European financial regulation, and corporate financing.
Prior to that, d’Amarzit was also responsible for financial and economic affairs for the British government, based in Number 10, from 2007 to 2009.
Of his new role, Attia said: “I am pleased to hand over the stewardship of Euronext Paris to Delphine d’Amarzit, whose experience will be critical in continuing to deliver best-in-class services to the Paris financial ecosystem.
“I now look forward to leading our expanded post-trade franchise and supporting the growth of Euronext primary markets and corporate services activities as the group embarks on the next steps in its strategic ambition.”
Stéphane Boujnah, CEO and chairman of the managing board of Euronext, added: “Euronext is opening a new chapter in its growth journey with the contemplated acquisition of the Borsa Italiana Group, and the successful recent expansion into new geographies and activities.
“As a result, Euronext must adjust its organisation to fit its ambition to build the leading pan-European market infrastructure and cement the scalability of its unique federal model.”
d’Amarzit said: “I am delighted to join Euronext at a turning point in its growth journey. I look forward to supporting the group strategy within the managing board and to working with the Euronext Paris teams to further enhance the strong relationship with the French ecosystem and beyond.”
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