09 September 2021 / Company news

Scope Foundation appoints Yves Mersch to Board of Trustees

The Scope Foundation has appointed Yves Mersch to its Board of Trustees while Lorenzo Bini Smaghi has been elected deputy chairman. These board changes were made necessary when its previous deputy chairman Simon Fraser passed away last month.

Yves Mersch was appointed member of the Board of Trustees of Scope Foundation at its meeting on 9th September 2021. He succeeds Simon Fraser who sadly passed away on 9th August 2021. Yves Mersch was a member of the executive board of European Central Bank from 2012 to 2020, having previously served as governor of the Central Bank of Luxembourg from 1998 through 2012. Prior to that, Yves Mersch had represented his country at the International Monetary Fund, World Bank, European Investment Bank and other multilateral organisations.

Lorenzo Bini Smaghi, already member of Scope Foundation’s Board of Trustees, was elected as its new deputy chairman, a position previously held by Simon Fraser. Gerd Häusler remains chairman of the Foundation’s Board of Trustees.

Background: The Scope Foundation was set up to protect the European identity and independence of Scope Group. The Board of Trustees is responsible for ensuring that the purpose of the Foundation is fulfilled, namely safeguarding Scope’s European identity and independence and managing its assets. The Board of Trustees has five members, whose full details are available on the website.