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Week ahead:

Biden inauguration, UK public finances and retail sales, ECB rate meeting

The spotlight will be on the inauguration of Joe Biden who will be sworn in as 46th president of the US

Notice to convene the Annual General Meeting on 27 January 2021 - RIAS A/S

Rias A/S

Notice to convene the Annual General Meeting on 27 January 2021 - RIAS A/S

Attachment


Latest stories

  • 10 ways to know if you are in a toxic relationship

    There are sure tell-tell signs of being always unhappy around that person, having frequent arguments, and so on.

  • Leading Putin critic Alexei Navalny arrested upon return to Russia after poisoning

    Russian president’s most determined foe detained  minutes after landing at Moscow

  • England claims seven-wicket win in Sri Lanka

    The fourth-wicket pair calmly collected the remaining runs.

  • FBI vetting Guard troops in DC amid fears of insider attack

    U.S. defense officials say they are worried about an insider attack or other threat from service members involved in securing President-elect Joe Biden’s inauguration, prompting the FBI to vet all of the 25,000 National Guard troops coming into Washington for the event. The massive undertaking reflects the extraordinary security concerns that have gripped Washington following the deadly Jan. 6 insurrection at the U.S. Capitol by pro-Trump rioters. Army Secretary Ryan McCarthy told The Associated Press on Sunday that officials are conscious of the potential threat, and he warned commanders to be on the lookout for any problems within their ranks as the inauguration approaches.

  • HDFC Bank Shares Jump After Profit Tops Estimates on Loan Growth

    (Bloomberg) -- HDFC Bank Ltd., India’s largest private lender by assets, posted third-quarter profit that beat analyst expectations after earnings were buoyed by strong loan growth. Shares jumped.Net income was 87.6 billion rupees ($1.2 billion) in the three months through December compared with 74.2 billion rupees a year earlier, exchange filings on Saturday showed. That beat the average estimate of 76.4 billion rupees from 18 analysts, according to data compiled by Bloomberg.India’s most valuable bank by market capitalization is the first lender to report third-quarter results. While banks largely withstood the coronavirus pandemic’s economic fallout due to a revival in consumer spending, a six-month moratorium and a loan restructuring program has masked some of the soured debt.Shares in HDFC Bank surged as much as 2.3% in Mumbai on Monday to a record 1,500 rupees, while the S&P BSE Bankex Index fell.HDFC Bank’s 18% profit growth may be “among the strongest performance reported by the larger Indian banks in fiscal 3Q ended December,” said Diksha Gera, an analyst at Bloomberg Intelligence, adding that “peers Axis, ICICI and Yes Bank are likely to lag.”The gross bad loan ratio at the bank led by Chief Executive Officer Sashidhar Jagdishan narrowed to 0.8% at the end of December from 1.08% three months earlier. The ratio would have been 1.38% without the relaxation of rules regarding the recognition for bad debt, the bank said in the filing.To read about the boost to banks’ consumer loan bookHDFC Bank’s loan book grew by an annual 16% in the October to December period, outpacing the sector’s average growth of 6%. Last year, the bank was ordered to curb some digital and credit card operations following a series of technical glitches, a rare step by the financial regulator as online transactions surge in the nation.In 2020, “there were worries on unsecured loans, growth, management transition and tech-related issues during the later part of the year,” said Suresh Ganapathy, an analyst at Macquarie Capital Securities (India) Pvt. “Despite all the challenges, HDFC Bank has done well.”(Updates with analyst comments and share reaction.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • A Top Fund Manager Is Turning Bullish on Riskier Indian Debt

    (Bloomberg) -- One of India’s top fund managers is turning bullish on higher-yielding rupee corporate bonds based on the view that the nation’s recovery will outpace the consensus estimate of economists.Maneesh Dangi, who oversees $25 billion of debt assets at Aditya Birla Sun Life AMC Ltd., expects India’s economy to expand by 13% in the fiscal year starting April, compared with a median forecast of 9% by economists surveyed by Bloomberg. Dangi bases his outlook in part on optimism about the jobless rate falling after lockdowns were eased as well as policy steps helping minimize insolvencies.Aditya Birla Sun Life Corporate Bond Fund is the third-best performer among India’s mutual funds focused on the company note category in the past year with an 11.4% return on its regular investment plan, according to data from the Association of Mutual Funds in India.“We will start dialing up AA risk,” said Dangi, 44, referring to corporate bonds with credit ratings in the AA category. “Quality AA rated papers where yields have not compressed to pre-Covid levels are offering attractive returns.”That approach must contend with numerous risks. While the government has said economic indicators suggest a broad-based recovery ahead, it forecasts the worst contraction since 1952 for the current fiscal year. Recent Covid-19 resurgence in countries that, like India, had success after strict earlier lockdowns is also a reminder of how unpredictable the crisis can be. And the nation is still home to one of the world’s largest outbreaks globally.Dangi said the “biggest risk” to his strategy would be any premature withdrawal of support measures to counter the pandemic, and he stressed that officials face a delicate task in communicating with debt markets.Last week brought a stark warning on that account. Yield premiums on rupee corporate bonds jumped after falling to record lows in 2020, following an announcement by the central bank that it would drain cash from the market in an effort to normalize liquidity operations.Dangi had been reducing holdings of all but the safest corporate bonds in recent years until of late. He had done so because of a credit crisis triggered by the failure of a large shadow bank in 2018 that stung local markets even before the pandemic.Read about RBI assuring bond investors over its easy monetary stanceNow, though, he is keen on buying debt from firms that are likely to get upgraded to AA in the near future. He has also shortlisted a few non-AAA rated borrowers from sectors including commodities, chemicals and automobile components, which could benefit from any sharp economic recovery.(Adds chart showing rising yields for corporate rupee notes)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Why switch to iron cookware? It can up your body's iron content

    Using iron kadhais while cooking certain types of food can add on to the nutrition value of your food and boost haemoglobin levels.

  • India's Reliance to embed e-commerce app into WhatsApp within six months - Mint

    Mukesh Ambani's Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country. Reliance, which has been trying to move away from its mainstay oil and energy business, had last year raised about $26 billion from investors like Google and Facebook for its digital and retail arms as it takes on Amazon.com Inc and Walmart-backed Flipkart in India. The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app, Mint said, citing two officials aware of the development.

  • England beats Sri Lanka by 7 wickets in 1st test

    Jonny Bairstow and Dan Lawrence held their nerve in a 52-run unbroken stand to guide England to a seven-wicket win Monday on the fifth and final morning of the series-opening test against Sri Lanka. England ensured it didn't have any more hiccups in erasing the remaining 36 required on the last day after Sri Lanka had set up a tricky 74-run target on a turning wicket. England had slumped to 14-3 late on the fourth evening before Bairstow and Lawrence combined to usher the tourists to 76-3.

  • Jonny Bairstow and Dan Lawrence see England home by seven wickets against Sri Lanka

    England (421 and 76 for three) beat Sri Lanka (135 and 359) by seven wickets

  • Reliance to embed e-commerce app into WhatsApp within six months: Mint

    Mukesh Ambani's Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country. Reliance, which has been trying to move away from its mainstay oil and energy business, had last year raised about $26 billion from investors like Google and Facebook for its digital and retail arms as it takes on Amazon.com Inc and Walmart-backed Flipkart in India.

  • Emerging Markets Tested by Rising Dollar Ahead of Biden’s Return

    (Bloomberg) -- A stronger U.S. dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration.The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and history suggests further pain may be in store.MSCI Inc.’s gauge of emerging-market currencies ended 2020 with its biggest quarterly advance in a decade as optimism over the distribution of Covid-19 vaccines bolstered risk appetite. Now, the backdrop of rising cases, renewed lockdowns and vaccine concerns threatens to reverse those flows.“If vaccines prove less effective than we expect and [the] global economy stumbles, the ‘safe haven’ dollar would likely appreciate,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a report.Listen: EM Weekly Podcast: Dollar’s Path; China GDP; Biden InaugurationStill, the strategists “expect broad dollar weakness” this year as exposures to risk assets and upside in commodity prices can outweigh the potential drag from higher U.S. rates.One currency of interest to investors is the Turkish lira, which has climbed since hitting a record low in November. On Thursday, the central bank is expected to keep the nation’s one-week repo rate at 17%.“The lira has rallied and reserves are stabilizing, providing no reason to raise rates further,” according to Bloomberg Economics. “Still, inflation accelerated in December, limiting the scope for rate cuts.”Policy makers in Malaysia, South Africa and Brazil will also decide on their borrowing costs this week.Meantime, Biden’s return to the White House on Wednesday will carry particular significance for traders who follow relations between the world’s two largest economies. On Friday, the Trump administration announced it would sanction six officials from China and Hong Kong in a parting shot to Beijing.Central Banks DecideTurkey’s central bank will probably leave its benchmark rate unchanged, according to the median estimate of 21 economists surveyed by BloombergTwo economists predict an increase of 50 basis points, while two forecast a hike by a percentage pointThe Monetary Policy Committee led by Governor Naci Agbal boosted the one-week repo rate to 17% from 15% last month, bolstering credibility with investors after he pledged to tighten policy when needed to keep prices in checkSouth Africa’s central bank will probably leave its policy rate on hold at 3.5% on Thursday, according to 15 out of 16 economists in a Bloomberg surveyOne predicted a reduction by 25 basis pointsThe second wave of the coronavirus pandemic, renewed lockdown restrictions and the return of power cuts will likely stall a recovery in an economy that contracted 8% in 2020, according to central bank forecasts. Even so, the central bank signaled at its previous policy meeting that it’s reluctant to lower borrowing costs further after cutting the repurchase rate five times last year by a total of three percentage pointsBank Negara Malaysia is expected to keep its benchmark rate on hold Wednesday, according to a median estimate of economists surveyed by BloombergBloomberg Economics argues that the central bank can afford to stand pat after 125 basis points of easing last year. Oil prices are also recovering, and Malaysia’s key trading partner, China, remains on the mend, it saidStill, it looks like a close decision, with 11 out of the 23 economists in the Bloomberg survey expecting a 25-basis-point cut after Malaysia was placed under renewed lockdown, and in part because of Malaysia’s persistently low inflation readingsMalaysia’s December year-over-year CPI is expected to remain deeply negative on FridayThe rate decision comes after Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.Bank Indonesia is expected to hold policy rates unchanged on ThursdayThe central bank didn’t signal that more cuts were imminent at its previous meeting in December, and may be concerned about the risk of higher U.S. yields putting the rupiah under pressureOne economist in a Bloomberg survey expects a 25 basis-point cut, perhaps because inflation has remained below target for seven months straightREAD Reflation Flashes Red for Indonesia, Malaysia Debt: SEAsia RatesChina’s one-year loan prime rate -- the reference rate for bank loans to companies -- will likely remain at 3.85% in January, according to Bloomberg EconomicsBrazil’s central bank is expected to hold the key rate at an all-time low on Wednesday, while traders look for signs of more hawkish language after policy makers warned that inflation pressures could persist into the new yearKey Chinese DataChina’s economic data was probably enough to restore China’s outperformance narrative. Fourth-quarter GDP and industrial production nummbers both beat expectations in year-over-year terms. However, retail sales and fixed asset investment numbers both fell short.December currency settlement data from SAFE are due on Friday. This was previously scheduled for last week. It will be interesting to see if the hitherto low exporter-conversion rates have started to increase, as one would expect given the yuan’s steady trend of appreciation in second half 2020Ongoing Chinese official resistance to appreciation will also be monitored by traders after higher than expected yuan fixes and reports of state banks buying dollarsThe yuan edged lower last week and the offshore rate is a little weaker than onshore, suggesting that China has somewhat tamed appreciation expectations in the short-termMore DataTaiwanese export orders for December are expected to show a further 27% year-over-year increase on WednesdayThe Taiwan dollar remained little changed last week. The authorities are stepping up their efforts to use moral persuasion to prevent currency appreciation, Reuters reported last weekSouth Korea’s 20-day January export data are due on ThursdayThese figures will likely highlight continued resilience in external demand at the start of 2021The Korean won was the worst-performing currency in emerging Asia last week as higher U.S. yields caused a pull-back in Asia’s strongest currency in second half 2020That said, a Bloomberg study suggests that the won should be relatively impervious unless the increase in U.S. yields picks upThe Philippines reports December trade figures on Thursday, while Thailand’s December trade numbers will be released on FridaySouth Africa’s CPI inflation rate probably fell to 3.1% in December, from 3.2% the previous month, a report may show Wednesday, according to the median forecast in a Bloomberg surveyOn Tuesday, Russia’s central bank may publish preliminary 4Q data on the current-account balance, while the federal statistics service releases its consumer confidence index for the same quarterThe Finance Ministry may report its December budget balance data on Wednesday or ThursdayInflation in Poland probably slowed in December to 3.7% from 4.3%, a report may show Monday, according to the median estimate in a Bloomberg surveyThat would give the central bank room to reduce borrowing costs as it tries to weaken the zlotyA reading of Colombia’s November retail sale figures, economic activity index and industrial production on Monday will probably show more signs of recovering activity, while remaining below pre-pandemic levelsBrazil’s economic activity data published on Monday will probably show a small gain in NovemberMexican unemployment data, to be released on Thursday, will be monitored for signs of how high Covid infection rates are impacting jobsInflation for the first half of January, meantime, will probably be relatively stable, according to Bloomberg EconomicsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • China’s Growth Beats Forecasts, Aiding Global Economic Rise

    (Bloomberg) -- China’s economy exceeded its pre-pandemic growth rates in the fourth quarter, propelling it to a stronger-than-expected expansion of 2.3% for the full year and making it the only major one to avoid contraction in 2020.Gross domestic product climbed 6.5% in the final quarter from a year earlier, fueled by industrial output, the statistics bureau said Monday. Economists surveyed by Bloomberg had predicted 6.2% growth for the quarter and 2.1% for the full year.“China has more than returned to trend growth,” said Raymond Yeung, chief economist for Greater China at Australia and New Zealand Banking Group. The strong rebound means authorities can “prioritize structural reforms rather than economic reflation” in 2021, he said.The V-shaped recovery was based on successful control of Covid cases and fiscal and monetary stimulus which boosted investment in real estate and infrastructure. Growth was further spurred by overseas consumer demand for medical equipment and work-from-home devices, with exports expanding 3.6% in 2020 compared to the previous year.“The quarter really seems to have shown the economy ended the year on a strong note, manufacturing is doing well,” Cui Li, head of macro research at CCB International Holdings Ltd. in Hong Kong said in an interview with Bloomberg Television.The Chinext Index of small caps gained 1.8% as of the mid-day break, while the yield on the most actively traded contract of 10-year government bonds rose 1 basis point to 3.16%, set for the highest in one week. The onshore yuan weakened 0.09% to 6.4874 per dollar as the greenback rebounded.What Bloomberg Economics Says...“The Chinese economy accelerated to a strong finish to 2020, though challenges at the start of 2021 could put a damper on growth.”Data for December suggests that the gap between demand and supply is opening up again, and this may reflect the impact on consumption from recent viral outbreaks.\-- Chang Shu, chief Asia economistFor the full note, click here.Emerging from the pandemic larger than when it started is a capstone to a dramatic year for the world’s second-largest economy, which began 2020 with a historic first-quarter slump when the coronavirus lockdowns brought most activity to a halt.Even though China’s annual growth was the slowest in four decades, a global contraction in output means China increased its share of the world economy at the fastest pace on record, according to World Bank estimates. Based on projections from the International Monetary Fund, China will now overtake the U.S. by 2028, two years earlier than previously predicted, according to Nomura Holdings Inc.Economists expect China’s GDP will expand 8.2% this year, continuing to outpace global peers even as they begin to recover due to a roll-out of vaccines.Growth this year will depend on whether China can prevent a large-scale resurgence of virus infections, and on whether it can pass the baton of spending from local governments and large state companies to consumers and private businesses. The government has recently imposed travel restrictions on several northern cities due to small-scale virus outbreaks, including locking down the capital of Hebei province, a city of 11 million people near Beijing.“There’s a huge discrepancy between production and consumption,” said Bo Zhuang, chief China economist at TS Lombard. “I am not very optimistic about domestic demand, as wage growth is not back to pre-pandemic levels. Government spending is going to grow more weakly this year than last year as local officials have been told to tighten their belts.”The investment and export-driven recovery in 2020 has exacerbated existing imbalances in the economy. Consumption spending per capita fell 4% in 2020 from a year earlier after adjusting for inflation, while investment in fixed assets such as real estate and infrastructure grew 2.9%, according to the statistics bureau. Industrial production surged, with China producing more than 1 billion tons of crude steel in 2020, an annual record.“There is relatively large room” for China to raise the contribution rate of final consumption to economic growth, the head of the statistics bureau Ning Jizhe said after the data was released at a press conference in Beijing. For 2021, “it is necessary to improve the consumption ability of residents, improve consumption policy and environment, and cultivate more consumption growth drivers.”China’s increasingly tense relationship with the U.S. could also weigh on the outlook. In his final weeks in office, President Donald Trump has tightened restrictions on Chinese businesses to curb the nation’s dominance in high-tech industries, roiling financial markets. It’s still unclear if the incoming administration under Joe Biden will maintain those measures.The fiscal and monetary stimulus to support the economy through the pandemic has been accompanied by a surge in debt which authorities are now seeking to curb as the recovery takes hold. At a December meeting to lay out economic goals for 2021, the ruling Communist Party signaled that stimulus would be gradually withdrawn, although it would avoid any “sharp turns” in policy.“Beijing is withdrawing stimulus, which will weaken investment in the coming months,” said Houze Song, a researcher on China’s economy at the Paulson Institute.(Updates with comments from economists.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • CEO Gadea of office-space manager Envoy on how to pivot in a pandemic

    When the pandemic hit, Larry Gadea, CEO of the San Francisco-based office-services startup Envoy, saw a chance to pivot. Gadea, who was born in Romania and raised in Canada, founded the firm in 2013 to create tech-smart ways for offices to run more smoothly, from booking meeting rooms to handling mail. “Covid has given us an even stronger sense of purpose,” said Gadea, 33, whose firm works with more than 2,000 companies globally.

  • Shift to renewable energy eases key environmental burdens, EU says

    Europe's shift from fossil fuel-based electricity to renewable sources has reduced environmental problems while also cutting the greenhouse gas emissions causing climate change, the European Environment Agency (EEA) said on Monday. Renewable power generation in the European Union has nearly doubled since 2005, producing 34% of EU electricity in 2019 compared with the 38% produced by fossil fuels like coal and gas.

  • China's Kuaishou to open books for $5 billion Hong Kong IPO next week - sources

    Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering to raise at least $5 billion next Monday in the city's biggest float in more than a year, according to sources with direct knowledge of the matter. Kuaishou, which is backed by Tencent Holdings Ltd, did not immediately respond to a request for comment. Kuaishou has aimed for a market capitalisation of more than $50 billion since it began preparing for a public markets deal, Reuters reported in September.

  • England win first test against Sri Lanka

    England reached their modest target to win the first test against Sri Lanka by seven wickets at Galle International Stadium on Monday. Jonny Bairstow and debutant Dan Lawrence knocked off the 36 runs required on the last day as England reached 76 for three in their second innings. Bairstow was 35 not out and Lawrence unbeaten on 21 in an unbeaten 62-run partnership.

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  • New appointments at Euronext

    CONTACT - Media: CONTACT - Investor Relations:Amsterdam+31.20.721.41 33Brussels+32.2.620.15.50+33.1.70.48.24.27 DublinOslo +31.20.721.41 33+47 22 34 19 15 LisbonParis+351.210.600.614+33.1.70.48.24.45 NEW APPOINTMENTS AT EURONEXT Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris – 18 January 2021 – Euronext today announced that Delphine d’Amarzit has been appointed by the Supervisory Board of Euronext N.V. as CEO of Euronext Paris and member of the Managing Board of Euronext N.V., subject to regulatory and shareholder approvals, starting from 15 March 2021. Delphine d’Amarzit joins from Orange Bank where, as Deputy CEO, she was responsible for the oversight of the Operations, Credit, Finance, Risk and Compliance functions. Delphine d’Amarzit holds an extensive knowledge of European and French capital markets, notably having held senior positions within the French Treasury Department for several years with responsibilities for capital markets development, European financial regulation, and corporate financing. From 2007 to 2009, she was also in charge of financial and economic affairs at the office of the Prime Minister where she participated in the definition of the public response to the financial crisis, rescue package and recovery plans and coordinated the action on all matters related to economic reform and financial services. Euronext today also announced that Anthony Attia has been appointed as Global Head of Primary Markets and Post Trade. In his new capacity, Anthony Attia will oversee Euronext’s Equity, Debt and Fund listing franchise and the Corporate Services business, as well as Clearing, Custody and Settlement activities at Group level. He will be instrumental in the expected integration of the Borsa Italiana Group activities1. In order to fully focus on his expanded Group-level strategic and business responsibilities, Anthony Attia will be handing over his position as CEO of Euronext Paris and member of the Managing Board of Euronext N.V. Anthony Attia will remain a member of the Operating Committee and the Extended Managing Board of Euronext N.V. Delphine d’Amarzit said: “I am delighted to join Euronext at a turning point in its growth journey. I look forward to supporting the Group strategy within the Managing Board and to working with the Euronext Paris teams to further enhance the strong relationship with the French ecosystem and beyond.“ Anthony Attia, Global Head of Primary Markets and Post Trade at Euronext, said: “I am pleased to hand over the stewardship of Euronext Paris to Delphine d’Amarzit, whose experience will be critical in continuing to deliver best-in-class services to the Paris financial ecosystem. I now look forward to leading our expanded post-trade franchise and supporting the growth of Euronext Primary Markets and Corporate Services activities as the Group embarks on the next steps in its strategic ambition.” Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V., said: “Euronext is opening a new chapter in its growth journey with the contemplated acquisition of the Borsa Italiana Group1, and the successful recent expansion into new geographies and activities. As a result, Euronext must adjust its organisation to fit its ambition to build the leading pan-European market infrastructure and cement the scalability of its unique federal model. I am pleased to welcome Delphine d’Amarzit in her position on the Managing Board and as CEO of Euronext Paris. Under her leadership, building on her strong experience with capital markets and infrastructure in France, we shall continue to deliver the best services to our clients and ecosystem in Paris. I would like to thank Anthony Attia for his critical contribution in transforming Euronext Paris since the IPO of Euronext in 2014 while also delivering on Euronext ambitions. His energy and dedication to Euronext’s ambitions have been critical to the success of the Group over the past few years. I look forward to continuing to work with him as he leads the transformation of our listing and post-trade offerings.” CONTACTS – Media - mediateam@euronext.comAurélie Cohen +33 1 70 48 24 45 Analysts & investors - ir@euronext.com Aurélie Cohen / Clément Kubiak +33 1 70 48 24 27 About EuronextEuronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal. For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext). Disclaimer This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use. © 2021, Euronext N.V. - All rights reserved. The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR as provided in its privacy statement available at: https://www.euronext.com/en/privacy-policy.In accordance with the applicable legislation you have rights as regard to the processing of your personal data: for more information on your rights, please refer to: https://www.euronext.com/data_subjects_rights_request_information,for any request regarding the processing of your data or if you want to unsubscribe to this press release, please use our data subject request form https://connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com. APPENDIX Biographies ¨Delphine d’Amarzit Delphine d’Amarzit joined from Orange Bank, the mobile bank of Orange, one of the world’s leading telecommunications operators, where she was deputy CEO since June 2016, with direct supervision over Operations, Credit, Finance, Risk and Compliance. In her position, Delphine d’Amarzit was key in shaping the new, disruptive digital retail banking offer and in making it grow from its first to its millionth client. Prior to that, she held various positions in the public sector, notably within the French Treasury Department, the Office of the Minister of the Economy and Finance and the Office of the Prime Minister. Delphine d’Amarzit’s areas of responsibilities included European financial regulation, capital markets development as well as economic and financial affairs. She notably participated in the definition of the public response to the financial crisis, rescue package and recovery plans and coordinated the government action on all matters related to economic reform and financial services. Delphine d’Amarzit is also non-executive Director of Thales SA since May 2018. She began her career in the public sector in 1993, at the Inspection Générale des Finances, before joining the French Treasury Department. Delphine d’Amarzit is a graduate of the Institut d’Études Politiques de Paris (Sciences-Po) and of the École Nationale d’Administration. She also holds a Master’s degree in Corporate Law from University Panthéon-Sorbonne. ¨Anthony Attia Anthony Attia has been the CEO of Euronext Paris since 2014, while at the same time serving as Global Head of Listing and Post Trade for the Group. As CEO of Euronext Paris, he led the continued improvement of the relationships with the French ecosystem, clients and regulators, and developed Euronext’s equity listing franchise by growing Euronext’s pan-European SME and Tech initiatives. In addition, he led the development of Euronext’s state-of-the-art proprietary trading plaform, Optiq®. From 2009 to 2013, based in New York, he served as Senior Vice-President and Chief of Staff at NYSE Euronext. Areas of responsibilities included strategy, technology and integration. Anthony Attia began his career at the Paris Stock Exchange in 1997. Since the creation of Euronext in 2000, he has held a number of group-level senior executive responsibilities such as European market operations, market structure, strategy, mergers and integration and trading platform design. He is a member of the Board and Audit Committee of LCH SA, a member of the Board of Euroclear Holding, a director of Euronext Dublin and the Vice-President of FESE, the Federation of European Exchanges. He is also the Chairman of the Board of Directors of Liquidshare. In 2020, he was recognised by Business Insider as one of 100 people transforming business, driving change and innovation in their companies and across industries. He holds an Engineering degree in Computer Science, Applied Mathematics and Finance. 1On 9 October 2020, Euronext announced that it has entered into a binding agreement with London Stock Exchange Group plc and London Stock Exchange Group Holdings (Italy) Limited to acquire 100% of the entire issued share capital of London Stock Exchange Group Holdings Italia SPA, the holding company of the Borsa Italiana Group. The transaction is subject to various regulatory approvals.For further information, please refer to www.euronext.com/investor-relations/financial-calendar/acquisition-borsa-italiana-group Attachment 20210118_ENX_CEO Paris EN