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October 17, 2021

Ludwik Sobolewski, incoming BVB CEO

Ludwik Sobolewski, formerly CEO of Warsaw Stock Exchange, was appointed as new CEO of the Bucharest Stock Exchange (BVB) by the Board on Monday, bursa.ro notes. The actual taking over of the new position is however still pending a decision by the Financial Overseeing Authority where the Pole is not exactly fancies – sources say – as he was dismissed from the Polish Stock Exchange amidst a conflict of interest scandal earlier this year   Poland publications say Ludwik Sobolewski was dismissed in January as President of the Warsaw Stock Exchange after engaging WSE in a fundraiser meant to finance the production of a movie where his lover, Anna Szarek, was going to act. It seems that such deeds are not investigated in Poland and some even suggest Sobolewski’s sacking was actually nothing but a political move. Market sources say Ludwik Sobolewski is coming to BVB with grand intentions, without disclosing any details though. A week ago, Sobolewski told Polish daily Rzeczpospolita he was seriously considering the Bucharest Stock Exchange CEO offer, but noted he would most likely make up his mind in two or three months’ time. Ludwik Sobolewski further stated he would only accept the position in Romania if he was convinced he could change the market. ‘Yes, the Bucharest Exchange is a lot smaller than the one in Poland. However, I remember what the Warsaw Exchange was when I became its President back in 2006 – there had been stalling for several years (…). Many things changed in less than seven years.’

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