Euronext Clearing appoints Pecora as CEO 26 May 2023Italy Reporter: Bob Currie
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Euronext Clearing has appointed Roberto Pecora as its new chief executive and general manager.
Pecora will take over the helm at the multi-asset clearing house from 3 July and will be based in Rome. He will replace Marco Polito, who stepped down as CEO of CC&G following the general assembly held on 27 April.
He joins from Societe Generale, where he was CEO and general manager of SGSS Spa, the Italian securities services arm of the French-owned international bank.
Euronext acquired Milan-based clearing house CC&G as part of its acquisition of Borsa Italiana from London Stock Exchange Group, which was finalised in April 2021 for a total consideration of close to €4.4 billion In the post-trade infrastructure space, this deal also gave Euronext ownership of Monte Titoli, the Italian central securities depository.
In a public statement, Euronext indicates that Roberto Pecora will lead Euronext Clearing’s plans for European expansion, which will involve extending Euronext Clearing to all Euronext markets, beginning with equities from the final quarter of 2023.
He will also front the day-to-day management of the CCP, including engagement with its clearing members and financial supervisors, overseeing the clearing house’s activities across its offices in Milan, Paris, London and Rome.
In doing so, Pecora will become part of the exchange group’s post-trade leadership team headed by Anthony Attia.
Commenting on his appointment as CEO, Roberto Pecora says: “I look forward to supporting Euronext Growth for Impact 2024 strategy within Euronext’s Post Trade Leadership Team to further enhance the strong relationship with the Italian ecosystem and create a European leader in clearing services.“
Euronext’s global head of primary markets and post-trade services Anthony Attia adds: “As Euronext Clearing expansion is progressing according to plan, by 2024 we will offer a unique post-trade platform in the European landscape. Across all Euronext venues, market participants will benefit from a simplified and common trading and clearing setup, leveraging Euronext Securities to effectively use the full potential T2S with an efficient cross border settlement flow.
“On behalf of the board of Euronext Clearing and of our Chairman, Renato Tarantola, I would like to thank Marco Polito for his significant contribution to the development of CC&G and for his commitment to the Euronext Clearing ambition since the beginning of the migration project.
“Together with Roberto, we will continue focusing on delivering the best services to our clients and to grow the Euronext clearing business in Italy and all over Europe”.
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