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FESE nominates board; welcomes new corresponding members

15 January 2008  |  2334 views  |  0 Source: FESE

The General Assembly nominated the following persons to the FESE Board for a two year period:

  • Christoph Bigger, Head of Business Development & Operations, Member of the Management Committee, SWX Swiss Exchange
  • Bruno Colmant, Chairman of the Board of Directors - Euronext Brussels, Member of the Management Committee and Deputy CFO - NYSE Euronext
  • Frank Gerstenschläger, Member of the Executive Board, responsible for the Cash Division, Deutsche Börse AG
  • Nondas Metaxas, Director General-CEO, Cyprus Stock Exchange, Chairman of the FESE Budget and Audit Committee


Jukka Ruuska, FESE President, speaking on behalf of the FESE Board said:"We are very pleased that these eminent experts have joined our Board and we are looking forward to working with them in the coming years which will be quite challenging for our industry. We would also like to thank in particular Massimo Capuano (President and CEO, Borsa Italiana), Olivier Lefebvre (former Chairman of the Board of Directors - Euronext Brussels, Member of the Management Committee, NYSE Euronext) and Stefan Mai (Head of Market Policy, Deutsche Börse) for their significant contribution to FESE's accomplishments during the last two years. Amongst others, we would like to pay tribute to the crucial role played by our former Board members during the negotiation and adoption of the European Code of Conduct on Clearing and Settlement of Cash Equities in 2006 and the subsequent agreement of the Access and Interoperability Agreement in 2007. The code is widely recognised for having set new standards for better regulation. The FESE Board recognises that without the active involvement of Massimo Capuano (former FESE President), Olivier Lefebvre and Stefan Mai - together representing some of the most important exchanges in Europe - this code would not have been signed".

The FESE Board now comprises of the following persons:
  • FESE President, Jukka Ruuska, President of OMX Nordic Exchange, OMX
  • FESE Vice-President, Spyros Capralos, Chairman, Athens Exchange
  • FESE Chairman of the Management Committee, Ramon Adarraga, Director International Affairs, BME
  • FESE Chairman of the Budget and Audit Committee, Nondas Metaxas, Director General and CEO, Cyprus Stock Exchange


As well as:
  • Christoph Bigger, Head of Business Development & Operations, Member of the Management Committee, SWX Swiss Exchange
  • Bruno Colmant, Member Chairman of the Board of Directors - Euronext Brussels, Member of the Management Committee and Deputy CFO - NYSE Euronext,
  • Frank Gerstenschläger, Member of the Executive Board, responsible for the Cash Division, Deutsche Börse AG
  • Adam Kinsley, Director of Regulation, London Stock Exchange
  • Diarmuid O'Hegarty, Executive Director: Regulation and Compliance, London Metal Exchange
  • Marko Simoneti, President and CEO, Ljubljana Stock Exchange


New Corresponding Members

The General Assembly unanimously approved the application by the Banja Luka Stock Exchange, Nex Montenegro and Sarajevo Stock Exchange to become Corresponding Members as of January 2008.

Banja Luka Stock Exchange stated: "We are honoured to become a corresponding member of FESE and we hope that we will have excellent cooperation with other FESE's members on mutual benefits. Furthermore, we are looking forward to becoming a full member of FESE when Bosnia and Herzegovina joins the EU and in this way further strengthen our relations with other FESE members."

Dragan Djukic, CEO of the New Securities Exchange of Montenegro: "The corresponding membership of FESE is a great honour for us, and we hope, just the first step toward full membership in near future. This is also a strong incentive for implementation of the best practices based on great experience of the other FESE members".

Zlatan Dedic, General Manager of the Sarajevo Stock Exchange: "We are very honoured to become a corresponding member of the Federation of European Stock Exchanges. This way the Sarajevo Stock Exchange will stay in closer touch with leading European stock exchanges. For us this is the first step toward full integration and full membership status. Although our country is still not a candidate for membership in the European Union, the Sarajevo Stock Exchange is continuously working to incorporate as much of the best trading and operating practices which are standards on the Exchanges in the EU. We will give our best to become a good member of FESE and we expect to learn from the other members."

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