Javier Hernani, CEO of BME and Head of SIX's Securities Services business unit, has been appointed president of the Ibero-American Federation of Exchanges (FIAB) for the period 2023-2025. The appointment took place during the 50th General Assembly and Annual Meeting of the Federation held in Panama.
FIAB aims at fostering collaboration among its members, in order to promote the development and improvement of their respective securities markets and financial instruments, in the best interest of all participants.
The election of Javier Hernani marks the return of BME to the presidency of the FIAB since 2011-2013, and is the fourth time that a Spanish stock exchange has led the FIAB.
During his speech as new president, Hernani stressed that "the capital markets are going through an unprecedented period of challenges, complexity and strong competition that we must address successfully, as the most relevant and prosperous economies are those with the most robust stock markets, as they are a key part of their development".
The main axes that will guide Javier Hernani's presidency will be:
- Strengthening FIAB's position as a priority partner of the Latin American securities industry and increase its visibility.
- Consolidating strategic alliances and finalize those that are in process.
- Intensifying the lines of work of the different committees and set specific objectives.
- Supporting the integration of the region's markets and support the exchanges in their knowledge, networking and development by collaborating with other markets in the Federation.
Juan Pablo Córdoba, CEO of the Regional Holding recently formed by the Santiago (BCS), Colombia (bvc) and Lima (BVL) stock exchanges, will accompany Hernani in this mandate as FIAB vice-president.
The 50th FIAB General Assembly and Annual Meeting, organized this year in Panama by the Latin American Stock Exchange (Latinex), will address topics such as sustainability, artificial intelligence in capital markets or the integration of the region's markets, among others. It will also feature conferences, panels and presentations, which will be added to Latinex's flagship event, the Investors Forum, on September 14 and 15.
The Ibero-American Federation of Stock Exchanges and Securities Markets was founded on September 27, 1973 in Rio de Janeiro, Brazil. Its objective was to facilitate the participation and channeling of popular savings to promote the productive processes of the public and private sectors, to encourage the improvement of stock exchanges and securities markets for such purposes, as well as to promote cooperation for economic and financial integration, and convergence towards unified standards, practices and customs. Read more here.
About Javier Hernani
Javier Hernani assumed his role as Director of the Securities Services business unit and has been a member of the SIX Management Committee since January 2021, following the acquisition of BME by the Swiss operator. He has been Vice-Chairman of FIAB since September 2021. He has been CEO of BME since April 2017. In 2012, he was appointed CEO of BME with the specific function of coordinating the performance of the business units and corporate areas. Previously, he was CFO and led the IPO process that took the company public on July 14, 2006, a position he assumed after being deputy general manager of the Bilbao Stock Exchange (until 2003), CFO of Norbolsa (until 1998) and Consultant at Coopers & Lybrand Brussels (until 1989).