Euronext Lisbon, Interbolsa Appoint New CEO

Euronext, Europe’s largest Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has appointed a new Chief Executive Officer (CEO), adding Maria João Borges Carioca Rodrigues as the head of the group’s Lisbon operations, who is slated to join the exchange in Q2 2016, according to a Euronext statement.

The appointment of Ms. Rodrigues helps fill a void left by the departure of Luis Laginha, the former Chairman and CEO of Euronext Lisbon and Interbolsa, Euronext’s Portuguese Central Securities Depository, who parted ways with the group nearly two months ago to pursue other interests. The appointment of Ms. Rodrigues was approved unanimously by Euronext’s Supervisory Board – she will step into the role of CEO of Euronext Lisbon, CEO of Interbolsa, and member of the Managing Board of Euronext N.V., pending all requisite shareholder approvals.

Ms. Rodrigues joins Euronext Lisbon from Portuguese Lender, Caixa Geral de Depósitos (CGD), having worked as Executive Board Member and Head of Marketing and IT/Operations. She has garnered a large amount of experience in the European financial sector, including senior positions at SIBS Pagamentos and Unicre, among others, dating back to 2004.

Until Ms. Rodrigues steps into her new role, Euronext Lisbon will continue to lean on its interim CEO Isabel Ucha and Rui Matos, the acting interim CEO of Interbolsa.

According to Stéphane Boujnah, Euronext CEO and Chairman of the Managing Board, in a recent statement on the appointment: “I am confident that her strong experience in financial markets will allow her to develop our operations in Portugal. As Euronext continues to evolve, we welcome dynamic individuals like Maria João who actively contribute to driving innovation throughout our pan-European model.”

“I would like to thank Isabel Ucha, who has played a critical role as interim CEO of Euronext Lisbon and Rui Matos, who has been serving as interim CEO of Interbolsa, for their commitment during this period,” Boujnah added.

Euronext’s Lisbon operations and Interbolsa made headlines earlier this week after it successfully completed a TARGET2-Securities (T2S) migration. The completion of T2S Interbolsa helps foster core, neutral and borderless pan-European securities Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, which is important for domestic and regional venues, not just in Iberia but also across all of Europe.