The European Securities and Markets Authority has elected three new members to its Management Board to replace outgoing members whose term will expire in October this year. The election took place at the Board of Supervisors meeting in Rome on 25 September and the successful candidates, who will serve a term of 2½ years beginning on the 1 November 2014, are:
Cyril Roux, Central Bank of Ireland (CBI), Ireland – new member;
Gérard Rameix, Autorité des marchés financiers (AMF), France – ending first term and re-elected; and
Marek Szuszkiewicz, Komisja Nadzoru Finanswego (KNF), Poland – new member.
The outgoing members were Jean Guill from the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg and Julie Galbo of Denmark’s Finanstilsynet.
The Management Board, chaired by Steven Maijoor, Chair of ESMA, is responsible for ensuring that the Authority carries out its mission and performs the tasks assigned to it under the Regulation. The Management Board now consists of:
Steven Maijoor, European Securities and Markets Authority (ESMA);
Cyril Roux, Central Bank of Ireland (CBI), Ireland;
Kostas Botopoulos, Hellenic Capital Markets Commission (HCMC), Greece;
Gérard Rameix, Autorité des Marchés Financiers (AMF), France;
Klaus Kumpfmüller, Finanzmarktaufsicht (FMA), Austria;
Marek Szuszkiewicz, Komisja Nadzoru Finanswego (KNF), Poland;
Martin Wheatley, Financial Conduct Authority (FCA), United Kingdom.
Notes for editors
More information on the Management Board can be found here.
The Board of Supervisors is the main decision-taking body of ESMA, consisting of the heads of the 28 national supervisors chaired by Steven Maijoor, ESMA Chair.
ESMA is an independent EU Authority that was established on 1 January 2011 and works closely with the other European Supervisory Authorities responsible for banking (EBA), and insurance and occupational pensions (EIOPA), and the European Systemic Risk Board (ESRB).
ESMA’s mission is to enhance the protection of investors and promote stable and well-functioning financial markets in the European Union (EU). As an independent institution, ESMA achieves this aim by building a single rule book for EU financial markets and ensuring its consistent application across the EU. ESMA contributes to the regulation of financial services firms with a pan-European reach, either through direct supervision or through the active co-ordination of national supervisory activity.