Financial watchdog approves new WSE head
PR dla Zagranicy
John Beauchamp
25.07.2014 11:26
The Financial Supervision Authority has approved the candidacy of Pawel Tamborski to be the new head of the Warsaw Stock Exchange.
WSE: photo - wikicommons
The decision to nominate Tamborski for the position comes after the WSE stakeholders elected him on 26 June on the opening day of the stock exchange’s AGM.
The Financial Supervision Authority (KNF) rubberstamped the decision on Thursday, with the delay being justified as it had to take “extraordinary measures” to push through Tamborski’s candidacy.
“The KNF undertook all administrative procedures and extraordinary measures […] to demonstrate whether Mr Pawel Tamborski meets the requirements set out [by law] on the trading of financial instruments,” a KNF press release states.
Tamborski was voted in to take the WSE’s CEO position with four votes and one abstention in the KNF proceedings.
The AGM had to be put on hold earlier in July while the KNF came to a decision on the matter. Following the decision, however, the AGM is to be finalised today, Friday.
Until recently, Pawel Tamborski former deputy minister of the State Treasury. He takes over the helm of the Warsaw bourse from Adam Maciejewski, who ran the WSE from early 2013. (jb)
Source: PAP/KNF