Hamilton, Bermuda: 3 October 2018— In a press release today The World Federation of Exchanges has today announced the appointment of new directors.The release stated:

 

 

Athens, Wednesday 3 October 2018 – At the 58^th General Assembly in Athens today, the World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, elected seven Directors of the Board.

 

Today’s seven elected Directors of the Board are as follows:

 

1.       Dr Urs Rüegsegger, Chairman, SIX Swiss Exchange - Chairman, WFE (2-year term)

2.       Mr Edward Tilly, Chairman & CEO, Cboe Global Markets - Vice Chairman, WFE (2-year term)

3.       Mr Vikram Limaye, Managing Director & CEO, National Stock Exchange of India (NSE) - Working Committee Chairman, WFE (2-year term)

4.       Mr Bryan Durkin, President, CME Group - Director, Americas region (3-year term)

5.       Mr Huang Hongyuan, Executive Chairman, Shanghai Stock Exchange (SSE) - Director, Asia-Pacific region (3-year term)

6.       Andreas Preuss, Deputy CEO, Deutsche Börse AG - Director, EMEA region (3-year term)

7.       Nicky Newton-King, CEO, Johannesburg Stock Exchange - Director, EMEA region (3-year term)

 

Nandini Sukumar, CEO, WFE said: “On behalf of the WFE and its members, I would like to take this opportunity to thank Wu Qing for his distinguished service as WFE Chairman over the past year. His leadership, particularly in the area of sustainable finance, has ensured the WFE remains forward-thinking, relevant and impactful in today’s fast-moving markets. We look forward to collaborating together in the future, as we continue to work to raise the profile of the issues that matter to market infrastructures.”

 

She continued: “Today, we are pleased to welcome these Directors to the WFE Board, especially the new WFE Chairman, Dr Urs Rüegsegger. This is a particularly exciting period for the federation as we build our role as global advocate and standard setter for the market infrastructure industry even further.  We are confident that with such a strong and experienced leadership team in place, the WFE can continue to champion the vital importance of exchanges and CCPs to the societies and economies they serve.”

 

Wu Qing, Vice Mayor of Shanghai and Non-Executive Chairman of SSE said: “It is my honour and privilege to have served as Chairman of the WFE. I am very pleased to have fulfilled my mandate and accomplished various strategic goals with our members, particularly in setting up sustainability principles for exchanges, and embracing more members into this trade association. I am confident that the WFE, as the voice of the exchanges and CCP industry, will play an increasingly important role in promoting the long-term stability of the financial community and sustainable economic growth.”

 

Dr Urs Rüegsegger, Chairman, SIX Swiss Exchange and Chairman, WFE said: “I am very pleased and honoured by the confidence that the members have shown by electing me. The industry is still in transformation, and the WFE and its members - exchanges and clearing houses - are thinking about the future and how we can, and must, continue to act as guardians of the public markets. The WFE exists to ensure our industry takes its rightful role at the table as we construct the future of markets. I look forward to the next two years.”

 

As of 3 October 2018, the full WFE Board of Directors is as follows:

 

1.       Dr Urs Rüegsegger, Chairman, SIX Swiss Exchange - Chairman, WFE

2.       Mr Edward Tilly, Chairman & CEO, Cboe Global Markets - Vice Chairman

3.       Mr Vikram Limaye, Managing Director & CEO, National Stock Exchange of India (NSE) - Working Committee Chairman

4.       Mr Gilson Finkelsztain, CEO, B3 - Brasil Bolsa Balcão - Director, Americas region

5.       Mr Gregory Wojciechowski, President & CEO, Bermuda Stock Exchange - Director, Americas region

6.       Mr Juan Pablo Cordoba, CEO, Bolsa de Valores de Colombia - Director, Americas region

7.       Mr Bryan Durkin, President, CME Group - Director, Americas region

8.       Mr. Meyer Frucher, Vice Chairman, Nasdaq - Director, Americas region

9.       Mrs Laura Cha, Chairman, Hong Kong Exchanges and Clearing - Director, Asia-Pacific region

10.   Dr Pakorn Peetathawatchai, President, Stock Exchange of Thailand - Director, Asia-Pacific region

11.   Mr Jiwon Jung, Chairman & CEO, Korea Exchange - Director, Asia-Pacific region

12.   Mr Huang Hongyuan, Executive Chairman, Shanghai Stock Exchange (SSE) - Director, Asia-Pacific region

13.   Mr Boon Chye Loh, CEO, Singapore Exchange - Director, Asia-Pacific region

14.   Andreas Preuss, Deputy CEO, Deutsche Börse AG - Director, EMEA region

15.   Nicky Newton-King, CEO, Johannesburg Stock Exchange - Director, EMEA region

16.   Mr Rashid Ali Al Mansoori, CEO, Qatar Stock Exchange - Director, EMEA region

17.   Mr Khalid Abdullah Al Hussan, CEO, Saudi Stock Exchange (Tadawul) - Director, EMEA region

18.   Mr Sunil Benimadhu, CEO, Stock Exchange of Mauritius - Director, EMEA region

 

- Ends -

 

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 36.8% are in Asia-Pacific, 42.6% in EMEA and 20.6% in the Americas.  WFE exchanges are home to nearly 45,000 listed companies, and the market capitalisation of these entities is over $82.5 trillion; around $81.8 trillion (EOB) in trading annually passes through the infrastructures WFE members safeguard (at end 2017).

 

The WFE is the definitive source for exchange-traded statistics, and publishes over 350 market data indicators.  Its free statistics database stretches back more than 40 years, and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.  

 

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

 

For more information, please contact:

 

Anna Watson

Head of Communications, The World Federation of Exchanges 

Email:                     awatson@world-exchanges.org

Phone:                   +44 7850 287 685

Twitter:                   @TheWFE

LinkedIn:               The World Federation of Exchanges

 

 

 

 

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For more information on the Bermuda Stock Exchange (BSX), contact Jacintha Pogson-Hughes at 1-441-292-7212 or jphughes@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX .

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.