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The Board of Supervisors (BoS), ESMAs decision taking body made up of 27 voting members, nominated Verena Ross today, for the post of ESMAs first Executive Director, subject to confirmation by the European Parliament. The Executive Director will be entrusted with the day-to-day management of ESMA. According to the Regulation establishing ESMA, the Executive Director will serve a term of five years, renewable once. Verena Ross, a German national, is currently Director of the International Division at the UK Financial Services Authority (FSA). The Division carries out FSAs international work including the co-ordination of its EU and international committee work and provides strategic technical advice on EU and international policy issues. Verena Ross is also a member...
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