A former Polish Treasury minister has been appointed as CEO and president of the Warsaw Stock Exchange (WSE).
S ince 2012 Pawel Tamborski has been under-secretary of state at the Ministry of the Treasury in Poland, where he was responsible for promoting the country’s financial and capital markets to international investors.
He replaces Adam Maciejewski who has worked as WSE since 1994, rising up the ranks to become its CEO in January 2013.
Maciejewski’s term saw WSE seek to widen its reach across Europe, signing a strategic cooperation agreement with NYSE Euronext, while the WSE has also been in discussions with the Central and Eastern European (CEE) Stock Exchange Group, which owns the Vienna national exchange, about a possible acquisition.
Additionally, WSE bought a 30% stake in the new London-based equities exchange Aquis, set up by former Chi-X Europe CEO Alisdair Haynes, in August last year for £5 million.
Incoming CEO Tamborski, said, “I thank CEO Adam Maciejewski and the other members of the WSE management Board for their contribution.
“Their hard work over [their term] clearly contributed to the development of the exchange and the entire capital market.”
Prior to joining the Ministry of the Treasury, Tamborski worked in several investment banks focused on the CEE region, including Wood & Co, Unicredit and Bank Staropolski.
He plans to prioritise continued growth of Warsaw as a regional capital hub.