European market operator Euronext hires UBS' Novelli as new chairman


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© Reuters. The coronavirus disease (COVID-19) outbreak, in Paris

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PARIS (Reuters) – Pan-European stock market operator Euronext has hired Piero Novelli, a co-president at Swiss bank UBS, to become its new chairman, Euronext said on Monday.

Novelli has been co-president of the Investment Bank of UBS and a member of UBS’ Executive Board since October 2018.

Earlier this month Euronext, which aims to close its 4.3-billion-euro ($5.22 billion) acquisition of Borsa Italiana from the London Stock Exchange in the first half of 2021, reported higher-than-expected annual revenues.

($1 = 0.8239 euros)

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