Esma names Tavares vice chair and appoints six board members

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The European Securities and Markets Authority (Esma) today appointed Carlos Tavares, chair of the Portuguese Comissão do Mercado de Valores Mobiliários, as vice-chairman of its board of supervisors and elected the first six members of its management board.

Based in Brussels, Esma was formally established on January 1 as the successor to the Committee of European Securities Regulators (Cesr), following the adoption of sweeping new European Union supervision legislation last year. Tavares served a