Coredeal MTS, the newly-merged European electronic exchange for international credit trading, has appointed Lord David Currie as chairman and Angelo Proni as chief executive officer.
Lord Currie, a British economist and currently the Dean of City University Business School, will be responsible for chairing the board and shareholders' meetings, and for representing Coredeal MTS in discussions with European Union member states and bond issuers.
Lord Currie says: “Coredeal MTS represents a very exciting business proposition creating a liquid trading vehicle for corporate debt in Europe, building on the success of MTS in the government bond market in the Euro zone."
Newly-appointed CEO Proni was previously head of client and market relations across all MTS Markets in Europe. He has also worked at Deutsche Bank and Liffe.
The Cordeal market is scheduled to re-open on 1 February, 2001 for the electronic trading of international debt-related securities. It is owned by EuroMTS, the International Securities Market Association (Isma) and eleven bank backers. The platform was taken over by MTS late last year after failing to generate significant volumes in its first year as an independent entity.