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- The Polish Financial Supervision Authority has approved Izabela Olszewska and Piotr Borowski as Members of the Exchange Management Board on 13 July
- The Exchange Supervisory Board appointed them to the GPW Management Board on 12 June 2018
The Polish Financial Supervision Authority (KNF) has approved changes to the Exchange Management Board on 13 July 2018. Izabela Olszewska and Piotr Borowski have become Members of the Exchange Management Board.
On 12 June 2018, the Supervisory Board appointed the Members of the Exchange Management Board for a new term starting on 26 July 2018. Izabela Olszewska will be the Management Board Member for Business Development and Sales (CSO), and Piotr Borowski will be the Management Board Member for Operations and Regulation (COO). In addition, two Members of the previous term of office: Jacek Fotek and Dariusz Kułakowski, have been re-elected.
The changes in the composition of the Exchange Management Board will take effect on the date when the decision of the Polish Financial Supervision Authority approving the changes becomes legally valid but not earlier than 1 August 2018.
Izabela OLSZEWSKA
She holds a degree from the Department of Finance and Statistics, Warsaw School of Economics. She attended the International Institute for Securities Market Development programme offered by the US Securities and Exchange Commission in Washington, DC.
She has worked on the capital market since 1992, initially as Analyst at Bank Handlowy’s Capital Operations Centre and since 1999 with the Warsaw Stock Exchange. She held a number of business and sales management functions at GPW, worked with investors and companies, both local and international, from many sectors, and was responsible for the development of the product offer of the regulated market and alternative markets. She is now Managing Director for Development.
Member of the Supervisory Board of Bondspot since October 2015. She sat on the supervisory boards of the Polish Power Exchange (TGE) and InfoEngine. She was delegated by the Supervisory Board of both BondSpot and TGE to temporarily perform the functions of President of the Management Board. Until June 2018, she was a Member of the Board of Directors of Aquis Exchange, London, as Non-Executive Director.
She has worked for many years with Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland) as a member of the Advisory Board.
Piotr BOROWSKI
He holds a degree from the University of Economics in Poznań, a post-graduate degree in Corporate Finance and Taxation from the Warsaw School of Economics, and a securities broker’s licence.
He has worked on the Polish capital market and with the Warsaw Stock Exchange throughout his professional career, initially as an exchange broker. In 1991-2006 with banks and brokerage houses in management positions. In 1993-2006 with Kredyt Bank S.A. and KBC N.V. Group as Investment Director of Dom Maklerski Kredyt Banku S.A., Deputy General Director of KBC Securities N.V. Branch in Poland and Financial Markets Auditor with KBC N.V. in Brussels. In 1997-2007, Member of the Management Board of the Chamber of Brokerage Houses (IDM).
In 2007-2016 with the Warsaw Stock Exchange as Director for Development and Regional Co-operation, Investor Relations and Research, Cash Market Development and a GPW representative on the Management Committee of the Federation of European Securities Exchanges (FESE) in Brussels.
Since 2017, an independent consultant focusing on investor relations and capital markets. Since February 2018 affiliated with the UK consultancy BTA Consulting Ltd as a consultant in capital market development projects.
