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Professor Małgorzata Zaleska Elected Chairperson of KDPW Supervisory Board

Professor Małgorzata Zaleska, President of the Warsaw Stock Exchange (GPW), has been elected Chairperson of the Supervisory Board of Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland, KDPW) at the Supervisory Board meeting on 23 February 2016.

 

“I accept the election to Chairperson of the KDPW Supervisory Board as proof of confidence put in me by the KDPW Supervisory Board. I will use best efforts to ensure that the Supervisory Board under my leadership supports the Company, its Management Board and Shareholders in their work on the challenges faced by the Polish capital market and by KDPW, which is a pillar of the safety of Poland’s financial system,” said Professor Małgorzata Zaleska. “My priorities will include the preparation and completion of KDPW’s authorisation as a central securities depository under CSDR[1], the implementation of KDPW’s solutions for the registration of EU-denominated covered bonds, and the development of the services of the Trade Repository KDPW_TR and the Numbering Agency, which represent a unique and comprehensive offer of post-trade services in CEE. KDPW also has a great role to play in economic education and capital market promotion, and in building the scale of the Polish market. I do believe that we will jointly open a new chapter of fundamental efforts which can reinforce the attractiveness, competitiveness and the trust of investors and issuers in our market,” said the Chairperson of the KDPW Supervisory Board.

 

The Deputy Chairperson of the KDPW Supervisory Board is Mr Aleksander Proksa, Director of the Legal Department at the National Bank of Poland. The joint term of office of the KDPW Supervisory Board is three years. The KDPW Supervisory Board Members are elected and dismissed by the General Meeting. The KDPW shareholders are, in equal parts, the Warsaw Stock Exchange, the National Bank of Poland, and the State Treasury.

 

 

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Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland, KDPW) is the central securities depository on the Polish capital market. Its main functions include the registration and safe-keeping of financial instruments, clearing of transactions on regulated and OTC markets, services for issuers, issuance of security and legal entity identifiers (LEI, ISIN, CFI, FISN), operation of the Trade Repository KDPW_TR, development of international operational links, management of the Compensation Scheme and the Guarantee Fund (pension funds). KDPW is the holding entity of a group of companies comprised of KDPW_CCP, a clearing house authorised under EMIR, responsible for the clearing of trade on the regulated market, in the alternative trading system, and in OTC trade. KDPW_CCP offers clearing of transactions using a range of mechanisms which ensure systemic mitigation of the risk of default.
www.kdpw.pl

 

 

[1] Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories