A general manager has already been proposed for the future holding company, in charge of making the integration between the Santiago Stock Exchange (BCS), the Colombian Stock Exchange (BVC) and the Lima Stock Exchange Group (GBVL) a reality.
The current General Manager of BVC, Juan Pablo Cordoba, was officially designated by the boards of the three organizations as a candidate for the future CEO of the new regional holding companyaccording to a press release.
Córdoba is an economist from the Universidad de los Andes and holds a master’s degree and doctorate in economics from the University of Pennsylvania. In 2015 he was appointed CEO of the Colombian Stock Exchange.
“With this decision, and from this moment, Juan Pablo Córdoba will lead the integration process of the three exchanges, While Jose Antonio Martinez and Francis Stenning will continue as general managers of BCS and GBVL, respectively, as the operations of the three organizations continue as normal, there will be no organizational or operational changes at this time,” the statement detailed notes.
The decision must be approved by the regional holding board when made, what Not expected after May 2023Once the reconciliation process and consultations with the regulators, which the stock exchanges are doing with the advice of Bain & Company, have been completed.
One of the relevant issues that the firms are expected to tackle in the present proceedings is a clearing and settlement cell capable of carrying out clearing and settlement for the three markets.