Having taken the helm during one of the Warsaw Stock Exchange's darkest hours, Adam Maciejewski has turned the exchange around and is focused on growth, finds William Mitting.
The situation that faced Adam Maciejewski as he assumed the
role chief executive of the Warsaw Stock Exchange in January
2013 was critical. Volumes in the derivatives market had
slumped from over 15m in 2011 to 10m in 2012, the installation
of the new UTP trading system on which many plans for growth
lay had been delayed and the former chief executive and
president had been fired after a scandal surrounding the
funding of a film appropriately entitled the Curse of the
"I like to meet ambitious challenges. Times were and still
are not easy but we cannot change that. We can change
ourselves, our behaviour and our business though," says
Maciejewski. "Our major goal is of course to increase WSE's
attractiveness for market participants by improving liquidity,
stimulating the development of the derivatives market and
reshaping our international strategy."
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