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Former bourse CEO to fill top spot at Concorde Securities

Árpád Pál, the former CEO of the Budapest Stock Exchange, will fill the newly established post of CEO at Concorde Securities, one of Hungary's biggest brokerages, from September 1, Concorde told MTI on Tuesday.

Concorde's founder-directors - Gábor Borda, György Jaksity and Norbert Streitmann - decided to expand the management of the company because of market trends and future plans, according to the statement. The three men will remain on the company's board of directors.

Pál has resigned from his position as director at Sal Oppenheim to take the post at Concorde. Earlier, Pál was a member of the management of Postabank, the Croesus Investment Fund, GE Capital and the Bankár group, as well as the Budapest Stock Exchange. (MTI-ECONEWS)