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BSE elects new board members

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Photo courtesy Budapest Stock Exchange

The Budapest Stock Exchange (BSE) elected two new members to its board during an extraordinary general meeting today, according to a press release issued by the BSE. Chairman-CEO of MKB Bank Ádám Balog and Chairman-CEO of Erste Investment Robert Cselovszki will join the BSE’s board.

The current board has, for the most part, been elected by external market players, with four of the seven being represented by such players, the BSE said. The National Bank of Hungary, the BSE’s main shareholder, has stressed the importance of having a board made up mostly of market-based operators to ensure the transparency of its operations.

The management of BSE put forward a five-year strategic plan for 2016-2020 earlier this month in which it aims to improve the BSEʼs competitiveness and the growth of the Hungarian economy in the medium and long term, according to reports.

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