New Finance organisation at Euronext

New Finance organisation at Euronext

The FINANCIAL -- Euronext on April 18 announces the appointment of its new Chief Financial Officer, Giorgio Modica, as Amaury Dauge is leaving the company to pursue new professional projects in fintech in New York. Besides, the finance team is being reorganised and further strengthened to implement Euronext’s strategy for the years to come.

Amaury Dauge will leave the company on 1st June 2016. After having spent 15 years within the Euronext group, including 5 years in New York for NYSE Euronext between 2009 and 2013, Amaury Dauge will be returning to New York to join a fintech company.

Over the past 15 years, Amaury has significantly contributed to all the development phases of Euronext’s growth and transformations. In particular, as CFO of Euronext since 2014, he has been a critical contributor to the IPO process, according to Euronext.

The Supervisory Board unanimously decided to appoint Giorgio Modica as CFO of Euronext as of 2nd May 2016. Giorgio joins from BNP Paribas in Paris, where he was a senior Corporate Finance banker in Financial Institutions for 9 years, holding the responsibility for the Stock Exchange sector globally, as well as for the Italian and Spanish markets. In over 15 years of international banking experience, Giorgio has developed superior expertise of the Financial Institutions sector and strong cross-cultural management skills.

Since 2011, as advisor to NYSE Euronext and then Euronext, Giorgio has supported the Euronext group very closely throughout its key milestone transactions, including the attempted combination with Deutsche Boerse, the carve-out of Euronext and its subsequent IPO. He started his career at the venture capitalist firm MyQube in Geneva, and then moved to investment banking at HSBC in Milan and MCC/Capitalia in Rome. Giorgio graduated cum-laude from Bocconi University and holds a Master in finance from SDA Bocconi.

Amaury Dauge and Giorgio Modica will handle the transition until 1st June 2016.

Giorgio will be supported by a strengthened finance management team within Euronext.

Bernard Holsboer, currently Treasurer and Tax Director, who has been with the Euronext group since 2007, is promoted Group Finance Director, adding to his current responsibilities the management of relationships with banks and of financing projects.

Stéphanie Bia, currently Head of Investor Relations, who has spent 13 years in total within the Euronext group, is promoted Head of Investor Relations and Business Performance; she will oversee the Group’s cost management programmes and the monitoring of the delivery of new business initiatives.

Jan Breken, Group Financial Controller, who has been with the Euronext group since 2001, will remain responsible for all Group accounting and consolidation.

Camille Beudin joins Euronext as Head of M&A. Camille has 8 years of M&A execution experience and has led a large number of acquisitions, including international transactions, with Deutsche Bank and previously with RBS and ABN AMRO.

Stéphane Boujnah, CEO of Euronext, said: “Euronext is very grateful to Amaury Dauge for his strong contribution to our group over the past 15 years. We wish him every success at a time when he is returning to New York to join an entrepreneurial fintech project. All the members of the Managing Board and I are delighted to welcome Giorgio Modica as our new CFO. Giorgio has been so close to Euronext for so many years that he was the natural person to lead the finance team at Euronext. I strongly believe that his impressive knowledge of the market infrastructure sector, his precise understanding of our investors’ expectations, his real intimacy with Euronext’s financial issues and the strong financial team assembled around him puts Euronext in the best position to deploy our new ambitions for the years to come”.