Euronext has appointed Piero Novelli as the next chairman. Novelli will resign from all other executive positions to assume the new role. Novelli will step down as co-president of UBS Investment Bank on March 31, 2021 to pursue new opportunities, UBS had announced earlier. During his 27-year career in investment banking, Novelli has also served as global co-head of MA at Nomura and as head of European MA and head of European Industrials at Merrill Lynch.