Jacek Fotek holds an MA in Foreign Trade from the Warsaw School of Economics and an MBA from the Quebec University Montreal (2002). His professional career has focused on the money and capital markets. He was the co-founder of the Polish interbank money and forex markets.
Jacek Fotek serves as Vice President of Management Board and CFO Warsaw Stock Exchange (GPW), since March 16, 2017. He also occupies the positions of President of Supervisory Board at BondSpot S.A. and Polish Raiting Agency.
In 1989-1990, he was responsible for operational management of the national foreign currency reserves at the National Bank of Poland. In 1990-1996, Chief Dealer at Bank Handlowy w Warszawie. In 1996-1997, CFO of Polski Bank Rozwoju. In 1997-1999, Member of the Management Board of Citibank (Poland) S.A., and previously Director of the Treasury Department and Director of Investor Relations. In 1999-2002 with Bank Handlowy w Warszawie S.A. as Advisor to the President and Director of the Internal Control Department. He was with PZU Asset Management S.A. in 2003-2009, among others as Vice President for Risk Management, Internal Control and Audit. CEO of BondSpot S.A. in 2009-2012 and 2013-2016. CEO of Invista DM S.A. in 2012-2013. Former member of Supervisory Boards of several organisations including PGE Polska Grupa Energetyczna S.A (2015-2016), GPW Foundation (2015-2016), IAiR S.A. (2014-2016). Since 1997, lecturer at Warszawski Instytut Bankowości; in 1993-2002, lecturer at Gdańska Akademia Bankowa; since 2010, lecturer at Instytut Rynku Kapitałowego. Since 1993, founding member of the dealer association ACI Poland. Jacek Fotek has completed many international training courses and programs in the capital and money markets, risk management, audit and investments.

Piotr Borowski holds a degree from the University of Economics in Poznań, a post-graduate degree in Corporate Finance and Taxation from the Warsaw School of Economics, and a securities broker’s licence.
He has worked in the Polish capital market and with the Warsaw Stock Exchange throughout his professional career, initially as an exchange broker, and between 1991-2006, in numerous management positions at banks and brokerage houses in management positions.
Between 1993-2006, he was at Kredyt Bank S.A. and KBC N.V. Group as Investment Director of Dom Maklerski Kredyt Banku S.A., Deputy General Director of KBC Securities N.V. Branch in Poland and Financial Markets Auditor with KBC N.V. in Brussels. Between 1997-2007, Piotr was Member of the Management Board of the Chamber of Brokerage Houses (IDM).
Since 2007, he was a Director for Developemnt and Regional Co-operation, investor Realtions and Research, Cash Market Development and GPW representative at the Management Committee of the Federation of European Securities Exchanges (FESE) in Brussels.
Between 2017 -2018, Piotr was a consultant focusing on investor relations and capital markets including, and in affiliation with the UK consultancy BTA Consulting Ltd as a consultant in capital market development projects.
Piotr rejoined the Warsaw Stock Exchange in August 2018 at Member of the Board, Warsaw Stock Exchange.

Izabela Olszewska holds a degree from the Department of Finance and Statistics, Warsaw School of Economics, and a PhD from the Department of Economic Sciences, University of Warsaw. She attended the International Institute for Securities Market Development programme offered by the US Securities and Exchange Commission.
She has worked in the capital markets since 1992, initially as Analyst at Bank Handlowy’s Capital Operations Centre and since 1999 with the Warsaw Stock Exchange. She held a number of business and sales management functions at GPW, working with investors and companies, both local and international, from many sectors. She held the position of Managing Director for Development and was responsible for the development of the product offering of the regulated market and alternative markets.
Izabela is Member of the Supervisory Board of Bondspot since October 2015. She sat on the supervisory boards of the Polish Power Exchange (TGE) and InfoEngine.
She was delegated by the Supervisory Board of both BondSpot and TGE to temporarily perform the functions of President of the Management Board. Until June 2018, she was a Member of the Board of Directors of Aquis Exchange, London, as Non-Executive Director.
She has worked for many years with Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland) as a member of the Advisory Board.

Dariusz Kułakowski graduated from the Warsaw School of Economics and completed a post-graduate course at the University of Banking and Insurance and the Warsaw University of Technology.
He is an ITIL Expert certified by EXIN (Examination Institute for Information Science).
Since 25 July 2014, Vice-President of the Warsaw Stock Exchange responsible for IT (CIO).
From September 2013 to July 2014, Member of the Exchange Management Board.
In 2006-2013, General Director for Technology responsible for direct oversight of the organisation and operation of the WSE’s IT Department, proper operation of the Exchange’s IT systems, as well as management of the UTP implementation project.
He also worked with the Exchange in 1993-2001: as Exchange System Section Head (until 1999) and later Deputy Director of the IT Department (until 2001).In 2003-2006, he was the President’s Plenipotentiary for IT at the Social Security Institution (ZUS) and at the same time Director of the Information Supply Department and Technical Co-ordinator of the Comprehensive IT System Project.
In 2001-2003, he worked with PZU S.A. as Director of the IT Integration Bureau.
Since May 2016, Member of the WIBID and WIBOR Reference Rates Board, and from January to June 2018, a Member of the Supervisory Board of the WSE Benchmark S.A.
Awarded with the Silver Cross of Merit for building the capital market in Poland.