The European Securities and Markets Authority (ESMA) has announced that Verena Ross will be its next Chair.
She will step into this role on 1 November 2021 and has been appointed for a five-year term, which can be renewed once.
Ross will succeed Steven Maijoor in fronting the European securities market regulator. Her appointment has been confirmed by the European Commission today at its meeting in Brussels.
Anneli Tuominen, who has served as ESMA’s interim chair since 1 April 2021, says: “[Verena] brings an in-depth knowledge of European and global markets, as well as of ESMA itself, which will be invaluable.
Verena Ross is a German national who was ESMA’s executive director from 2011 until 2021, having earlier held regulatory and supervisory positions in London.
Commenting on her appointment, Ross says: “I am honoured to have been entrusted with this role as ESMA enters its second decade… I believe that ESMA has an important role to play in ensuring that European markets support the financial needs of its companies and citizens”.
