We are happy to welcome the first two women to the T2S Programme Board; Martina Glaser and Cristina Mastropasqua have been appointed as alternates by the Governing Council of the ECB. In joining the T2S Programme Board on 1 November 2010, Ms Mastropasqua replaced Franco Passacantando and Ms Glaser took over a seat which had so far remained unfilled. The overall number of members on the T2S Programme Board thus increased to eight members and five alternates. The new composition of the Board became effective as of 1 November 2010.

Martina Glaser is currently Head of the Banking Operation Analysis Department at the Swiss National Bank. She has previously acted as a member of the T2S Advisory Group.

Cristina Mastropasqua is currently a Director in the Payment System Department at the Banca d’Italia, where she has held a number of management positions and worked in the areas of research, foreign exchange and portfolio management. She has already been heavily involved in various aspects of the T2S project since 2008.

Farewell to Franco Passacantando

We are sorry for the departure of Mr Passacantando from the T2S Programme Board, of which he has been a dedicated member since the Board was established in 2009. As Mr Passacantando will remain the Managing Director of the Central Banking, Markets and Payment Systems Area at the Banca d’Italia, we will say arrivederci rather than goodbye.

The T2S Programme Board

The T2S Programme Board is the body in charge of the day-to-day management of the T2S project, acting on the mandate of the Governing Council of the ECB. Its objective is to ensure that the T2S Programme is developed in accordance with market expectations, as reflected in the User Requirements Document, and implemented on schedule and within the budget set by the Governing Council of the ECB.