The new chief replaces former CEO Marco Polito, who stepped down at the end of April, and will take up his new role from 3 July, 2023.
Pecora joins from the Société Générale Group, where he was CEO and General Manager of SGSS SpA, the Italian bank specialised in securities services, and member of the Global Executive Committee of the SGSS division.
He will focus on the day-to-day management of the CCP, including engagement with regulators and with clearing members. As a member of Euronext’s post-trade leadership team, headed by Anthony Attia, he will be at the forefront of the Euronext Clearing European expansion plan: which includes the expansion of Euronext Clearing to all Euronext markets, starting with equities from Q4 2023.
Polito, the former CEO, stepped down “by mutual agreement” in April to “pursue other professional projects,” said Euronext.
The Euronext Clearing team is based in Rome, Milan, Paris and London. Pecora will be headquartered in Rome.
“I am delighted to join Euronext Clearing at a turning point in its European expansion,” he said. “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.“
Anthony Attia, global head of primary markets & post-trade at Euronext, added: “I’m happy to welcome Roberto Pecora as CEO and general manager of Euronext Clearing.
“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.”
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