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MNB deputy governor to head bourse

Deals

National Bank of Hungary (MNB) deputy-governor Márton Nagy will become the new chairman of the Budapest Stock Exchange, the central bank said today, in response to a query by Hungarian news agency MTI.

Nagy will also continue to hold his position as deputy-governor, the MNB said.

Richárd Végh, who is the MNBʼs director in charge of capital markets and market oversight, will become the BSEʼs new CEO, the central bank told MTI, confirming a report today by daily Magyar Idők.

The National Bank of Hungary said on Tuesday that it had boosted its stake in the bourse to 75.8% to help it better regulate the capital market.

Magyar Idők noted that the acquisition must still be cleared by the Competition Office (GVH). MNB deputy-governor Ferenc Gerhardt told the paper GVH is expected to approve the deal by the week ending December 18.

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