ESMA’s senior management team, comprised of its full-time Chair, Steven Maijoor, and Executive Director, Verena Ross, is responsible for leading the organisation. The Alternate Chair is Anneli Tuominen, Director-General of the Finnish Finanssivalvonta (FIN-FSA).
Chair – Steven Maijoor
Steven Maijoor has been the Chair of the European Securities and Markets Authority (ESMA) since taking up office 1 April 2011. He is the first chair of the authority and is currently serving his second five-year term. He is responsible for representing the Authority as well as chairing ESMA’s Board of Supervisors and the Management Board. The role of the Board of Supervisors is to give strategic guidance to ESMA and make all main regulatory and supervisory decisions. The Management Board's purpose is to ensure that the Authority carries out its mission and performs its tasks.
Prior to taking up this role, Steven was Managing Director at the AFM, the Dutch financial markets regulator, where he was responsible for capital market supervision, including financial reporting and auditing, prospectuses, public offerings, and the supervision of the integrity of financial markets. During his term, the scope of activities of the AFM vastly expanded and he was responsible for building and implementing supervision in the capital market area. In his regulatory role at the AFM, Steven has held a number of international positions, including the Chairmanship of IFIAR (International Forum of Independent Audit Regulators).
Before joining the regulatory world, Steven was the Dean of the School of Business and Economics at Maastricht University, and had pursued a long career in academia which included a variety of positions at Maastricht University and the University of Southern California.
He holds a PhD in Business Economics from Maastricht University, was a research student at the London School of Economics, and has a master in Business Economics from the University of Groningen.
Steven is married and has two daughters and a son.
Executive Director – Verena Ross
Verena Ross is the Executive Director of the European Securities and Markets Authority (ESMA). She was appointed to the role in March 2011 and joined ESMA on 1 June 2011. She is the first Executive Director of the organisation and forms part of the senior management team along with the Chair of ESMA. The Executive Director has responsibility for the day-to-day running of the organisation.
Prior to this, Verena held a number of senior posts in the UK's Financial Services Authority (FSA), with her final position being Director of the International Division from October 2009 to May 2011. Verena was also a member of the FSA's Executive Committee and the Executive Policy and Risk Committees.
Verena joined the FSA in 1998 to run the Executive Chairman’s office during the regulator’s start-up phase, and was briefly a seconded advisor to the Hong Kong Securities and Futures Commission in 2000. She subsequently held various positions in the Markets Division and was Director of the Strategy & Risk Division before becoming Director of the International Division.
Verena is a German national. Following studies in Hamburg, Taipei and London (SOAS) she began her career at the Bank of England in 1994, where she worked as an economist and then banking supervisor.
Vice Chair - Anneli Tuominen
Anneli Tuominen is Director General of the Finanssivalvonta (FIN-FSA), an integrated authority responsible for banking, insurance, securities and macro-prudential supervision. She has been Director General since February 2007, having joined the FIN-FSA in 1996.
Ms. Tuominen is a voting member of the Supervisory Board of the Single Supervisory Mechanism (SSM), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and a non-voting member in the European Systemic Risk Board (ESRB). She chaired the Consumer Protection and Financial Innovation Sub-Committee of the Joint Committee and previously also ESMA’s Financial Innovation Standing Committee.
The Management Team responsible for the day to day running of ESMA is comprised of senior management as well as the Heads of each Department.
Roxana de Carvalho Cunha - Head of Governance and External Affairs Department
Steffen Kern – Head of Risk Analysis and Economics Department
Iliana Lani – Head of Ratings, Indices and Securitisation Department
Fabrizio Planta – Head of Markets and Data Reporting Department
Nicolas Vasse – Head of Resources Department
Sophie Vuarlot-Dignac – Head of Legal and Enforcement Department
Evert van Walsum - Head of Investors and Issuers Department