Euronext today confirmed that Piero Novelli has been nominated by the Supervisory Board to become the next Chairman of Euronext N.V. Mr Novelli will step down from all executive positions before becoming Chairman.

The appointment of Mr. Novelli remains subject to the approval of the relevant regulatory authorities and of Euronext shareholders.

Piero Novelli has been Co-President of the Investment Bank of UBS and a member of UBS Group Executive Board since October 2018. He was appointed Co-Executive Chairman of Global Investment Banking in 2017 and in 2016 became sole Global Head of M&A.

Mr Novelli was a member of the UBS Deutschland AG Supervisory Board from 2013 to 2016. He rejoined UBS in 2013 as Chairman of Global M&A and Group Managing Director. From 2011 to 2012, he was Global Co-Head of M&A at Nomura, having worked as Global Head of M&A at UBS between 2004 and 2009.

Before that he worked for Merrill Lynch and held the position of Head of European M&A and Head of European Industrials. Over the course of his 27 year career in investment banking, Mr Novelli has advised corporate boards on many large and complex M&A transactions across all sectors and geographic areas. In particular, Mr Novelli has advised the largest Italian corporates on many cross border strategic transactions.

He is a lecturer at Imperial College London, the MIT Sloan School of Management and LUISS University in Rome.

Mr Novelli holds a master’s degree in management from the MIT Sloan School of Management and a master’s degree in mechanical engineering from Università degli Studi di Roma La Sapienza.