Tavares and Guill get top jobs at CESR before it becomes ESMA

Tavares and Guill get top jobs at CESR before it becomes ESMA

Tavares is chairman of Comissão do Mercado de Valores Mobiliários, the Portuguese regulator. Guill is director-general of Luxembourg’s Commission de surveillance du secteur financier.

The body hopes the appointments will ensure a smooth transition for CESR as it prepares to become the European Securities and Markets Authority (Esma), an EU pan-regulatory force with increased powers.


Under the CESR charter, the positions are held for two years. It is likely on this occasion, however, that the creation of Esma — expected to take effect in January 2011 — may result in a shorter term being served.