Rosa Armesto is Director General of the Federation of European Securities Exchanges (FESE), the trade association of exchanges in Europe.
Before becoming Director General of FESE, she served as Deputy Director General. Previously, she was part of Insurance Europe as a Member of the Management Team and Head of Public Affairs and Communications. Earlier in her career, she was Head of Public and Regulatory Affairs at FESE and had various roles before rejoining FESE. She began her professional career at Eurostat, the statistical office of the European Commission, in Luxembourg.
Rosa has 20 years of experience in EU financial services. She specialises in capital markets and concretely in financial regulations like MiFID/MiFIR, and strategies like the Savings and Investments Union (former Capital Markets Union), Sustainable Finance, and Digital. Furthermore, she has expertise in insurance-related policies.
Rosa is a member of the ESMA Securities and Markets Stakeholder Group (ESMA SMSG) and lectures on financial market infrastructures at Solvay Brussels School of Economics & Management (Belgium). She is a member of the Board of Directors at the European Parliamentary Financial Services Forum (EPFSF), Board member at CEPS-ECMI, and Co-Chair of the Advocacy Community at the European Society of Association Executives (ESAE).
She holds a Master of Science in Economics with a major in Econometrics from the University of Zaragoza (Spain) and the University of Groningen (Netherlands), a Bachelor of Science in Statistics from the University of Zaragoza (Spain), and a professional degree in Piano from the Music Conservatory of Teruel (Spain). She speaks English, French, and Spanish.

Overview
Europe’s equity markets are flashing unmistakable signs of life. While record trading volumes over the past year and the newly live Consolidated Tape have injected a wave of optimism, the region now faces a critical structural inflection point. The EU’s ambitious Saving and Investment Union is aggressively pushing to cultivate a domestic retail equity culture and a more unified Europe to solve Europe’s chronic IPO drought, yet a stark disconnect remains between political ambitions and institutional realities. Exchanges are actively angling for extended hours, but a skeptical buyside fears a 24/5 push will only dilute an already barren intraday liquidity, where volume is concentrated to the 4:30pm closing auction.
Join Bloomberg’s Market Structure on September 3rd to discuss whether Europe’s evolving market structure can successfully convert recent green shoots into true global scale, or if the buyside is simply being dragged into a fragmented, 24-hour market it didn’t ask for.
Agenda
16:00 – 16:30
Registration and Networking16:30 – 16:35
Welcome Remarks
16:35 – 17:05
Fireside Chat: The Competitiveness Mandate — Can the Saving and investment Union Boost European Markets?
Rosa Armesto, FESE
Charles Capel, Bloomberg News (moderator)17:05 – 17:35
Panel Discussion: Building a Retail Market — How to develop a European equity culture
Julie Zhou, Cboe Europe
Jordan Sinclair, Robinhood
17:35 – 18:05
Panel Discussion: Longer Hours, Thinner Markets? Will the Buyside be dragged into a 24 hour market?
Richard Worrell, Barclays
Nii Saka Addo, Vanguard
Vincent Boquillion, Euronext
18:05 – 18:35
Panel Discussion: Research & IPOs: Can European Markets Revive?
Brian Hanratty, Peel Hunt
18:35-18:40
Closing Remarks
18:40-19:30
Networking Reception
Speakers
Rosa Armesto
Brian Hanratty
Over his career, has executed over 80 ECM transactions, raising proceeds of more than $80bn, across the UK, Ireland and Sub-Saharan Africa markets.
Significant experience of working with companies through the cycle from private to public and into the aftermarket, including capital raisings, shareholder engagement, register evolution and market messaging.
Richard Worrell
Richard Worrell joined Barclays in March 2026 as a Director, EMEA Electronic Sales. Prior to this he was Co-Head of Equity Trading for the London Stock Exchange Group (LSEG), where he worked from 2024. He was also Head of EMEA Equity Trading at Janus Henderson Investors between 2017 and 2024. As well as other roles during his near thirty year career, Richard was also previously a Plato Partnership board member and Chairman of the Investment Association’s Buyside Trading Committee.
Julie Zhou
Julie is Head of Cboe NL, Cboe’s Netherlands-based exchange, and Head of Continental EU Sales for Cash Equities at Cboe Europe, which operates the largest pan-European equities exchange by market share and value-traded, the largest pan-European equity trade reporting services, as well as low-cost European equity market data and benchmark equity indices.
Prior to joining Cboe, Ms. Zhou was an Account Manager for MSCI, covering its Hedge Funds and Broker Dealer clients. She began her financial services career with Thomson Reuters on its graduate programme, including roles as a business development manager, strategy analyst and in its enterprise solutions division. She holds a Master’s degree in Economics from Tsinghua University in China.
Deniz Besiroglu
Deniz Besiroglu is a market structure research analyst at Bloomberg Intelligence in London covering European equities with a focus on market structure, financial markets infrastructure, technology and regulation.
Charles Capel
Charles is the European Equity Capital Markets Editor for Bloomberg News, he writes about initial public offerings, additional capital raising, exchange health and market structure.
Nicholas Phillips
Nicholas Phillips is the lead Market Structure Research Analyst for European and UK equity markets at Bloomberg Intelligence, specializing in equity market structure, data analytics, industry trends, and regulatory developments affecting European equity markets. Prior to his tenure at Bloomberg, Nicholas was a product manager at the London Stock Exchange Group (LSEG), where he oversaw the secondary market trading platform, the approved publication arrangement TRADEcho, and the multilateral trading facility Turquoise.
Larry Tabb
Larry Tabb serves as the Director of Market Structure Research at Bloomberg, LLP. He leads a research team providing insights into financial markets infrastructure, technology, and regulation. Tabb was previously Research Chairman at TABB Group, where he focused on capital markets. He has advised regulatory bodies like the SEC and CFTC on market structure and is a sought-after speaker in major industry events. His career includes roles at TowerGroup, Lehman Brothers, and Citibank.
When & Where
Thursday 3rd September
16:00 – 19:30
Bloomberg
3 Queen Victoria Street
London EC4N 4TQ