Within this position, Mr. Fildes will work closely with Co-Chair George Molina of Franklin Templeton Investments to continue to promote the application of electronic trading and the adoption of the industry-driven FIX Protocol messaging standard within the Asia Pacific market.

Mr. Fildes has a wealth of experience within the financial services sector and is currently responsible for the operations of Instinet in Asia (excluding Japan). Prior to joining the firm he spent 10 years at Morgan Stanley in Hong Kong, where he held positions as Head of Equity Marketing and Head of Electronic and Program Trading for the Institutional Equity Division in Asia Pacific. He has also held various positions in Europe with the Financial Times Group, Standard and Poor's and Reuters. Mr. Fildes has been an active member of the FPL Asia Pacific Regional Committee since 2000 and as part of this role he has written and spoken extensively at industry focused events about the advantages of electronic trading and the FIX Protocol.

Commenting on his recent appointment Mr. Fildes stated, "I am very pleased to be given the opportunity to increase my participation in FPL. We are witnessing the steady take-up of electronic trading practices and the FIX Protocol within the region; however there is still significant scope for expansion and development to ensure that the markets are able to benefit from truly streamlined, transparent and cost effective trading. I am looking forward to working with George Molina and the rest of the FPL Asia Pacific committee to continue the good work conducted to date."

George Molina, FPL Asia Pacific Regional Committee Co-Chair added, "I would like to welcome John to his new position, I feel his knowledge and experience will be of significant benefit to the committee. I would also like to take this opportunity to thank John's predecessor, Grace Lin of Citi, for her many contributions and dedicated leadership. We look forward to her continued involvement within FPL."