Euronext announced today that the Board of Directors of Borsa Italiana and the Supervisory Board of Euronext N.V. have respectively nominated Fabrizio Testa, currently CEO of MTS, as CEO of Borsa Italiana, and as Head of Fixed Income trading for the Group and member of the Managing Board of Euronext N.V., subject to regulatory and shareholders approvals.

Raffaele Jerusalmi will step down from his position as CEO of Borsa Italiana as of 28 November 2021, by mutual consent.

Fabrizio Testa will take up his functions as CEO of Borsa Italiana and Head of Fixed Income trading for the Group on 28 November 2021. He will step down from his position as CEO of MTS in the course of Q1 2022. Fabrizio Testa will actively work to develop the Borsa Italiana business in Italy, implement the integration of Borsa Italiana within the Euronext European project and lead the Euronext Fixed Income trading ambition.

Fabrizio Testa will join the Managing Board of Euronext N.V.1 to be a key contributor to the Euronext Group strategy.

Angelo Proni has been appointed by the Board of Directors of MTS as new CEO of MTS and will take office after the approval of the 2021 financial results by MTS’ Board of Directors in Q1 2022. Angelo Proni will join the extended Managing Board of Euronext N.V. and continue to be supported by the MTS Chairwoman Maria Cannata, the General Manager Ciro Pietroluongo and all other senior executives.

With the appointment of Fabrizio Testa at the Managing Board of Euronext N.V., Italian business leaders contribute to every single level of the Euronext Group governance: the CEO of MTS and Giorgio Modica, Group CFO, are members of the Extended Managing Board; CDP Equity (CDPE) and Intesa Sanpaolo are members of the Committee of Reference Shareholders; Piero Novelli is an independent member of Euronext N.V Supervisory Board, which he chairs since 1 September 2021; Alessandra Ferrone is a member of the Supervisory Board representing CDPE as one of the two largest shareholders in Euronext N.V; Andrea Sironi is Chairman of the Board of Borsa Italiana; and Consob has joined the College of Regulators of Euronext N.V.

Raffaele Jerusalmi said:

“After 11 years as CEO of Borsa Italiana I would like to thank all my colleagues for their hard work which has allowed the Borsa Italiana Group to have leading capabilities in innovation, growth and value creation while maintaining a highly reliable capital market infrastructure for the benefit of all our international financial community.

I am glad to leave the Borsa Italiana Group stronger than ever with a record financial performance, despite the complexity of the transition during the pandemic. The Borsa Italiana Group has now entered into a new chapter of its history, and will grow its business in Italy and all over Europe. I would like to congratulate Fabrizio and wish all the best to my colleagues for their future in the construction of this European project.”

Fabrizio Testa said:

“I am honoured 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, team work, 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 make the most of Borsa Italiana and Euronext combined strengths. Finally, I would like to thank Raffaele and wishing him all the best.”