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EWSM has a Board of three non-executive directors. Padraic O’Connor, the Chairman of the ISE, will act as Chairman of the new entity. He is joined on the Board of EWSM by Michael C. Bonnello, the former Governor of the Central Bank of Malta, and Fabrice Demarigny, Partner of Mazars, who previously was Secretary General of the Committee of European Securities Regulators, the predecessor of the European Securities and Markets Authority (ESMA).