The World Federation of Exchanges Elects 7 Board Members

 

PRESS RELEASE

The World Federation of Exchanges Elects 7 Board Members

London, 20 November 2024 - The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, today held its 63rd General Assembly, this year hosted by Bursa Malaysia in Kuala Lumpur. 

Seven Directors of the Board were elected for a three year term, who are as follows:

• Gilson Finkelsztain, CEO, B3
• Korkmaz Ergun, CEO, Borsa Istanbul
• Carlson Tong, Chairman, Hong Kong Exchanges & Clearing (HKEX)
• Julie Becker, CEO, Luxembourg Stock Exchange
• Ed Knight, Executive Vice Chairman, Nasdaq
• Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange of India Ltd
• Khalid Al Hussan, CEO, Saudi Tadawul Group (STG)

The WFE Board comprises 18 exchange industry leaders from around the world:

• Loh Boon Chye, CEO, SGX Group, Chair of The WFE
• Jos Dijsselhof, CEO, SIX Group, Vice Chair of The WFE
• John McKenzie, CEO, TMX Group, Chair of the WFE Working Committee
• Gilson Finkelsztain, CEO, B3
• Greg Wojciechowski, President and CEO, Bermuda Stock Exchange
• Korkmaz Ergun, CEO, Borsa Istanbul
• Fredric J. Tomczyk, CEO, Cboe Global Markets
• Kendal Vroman, Chief Transformation Officer, CME Group
• Thomas Book, Member of the Executive Board, Deutsche Börse AG
• Carlson Tong, Chairman, Hong Kong Exchanges & Clearing (HKEX)
• Hiromi Yamaji, Group CEO, Japan Exchange Group
• Leila Fourie, Group CEO, Johannesburg Stock Exchange
• Eun-Bo Jeong, Chairman and CEO, Korea Exchange 
• Julie Becker, CEO, Luxembourg Stock Exchange
• Ed Knight, Executive Vice Chairman, Nasdaq
• Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange of India Ltd
• Khalid Al Hussan, CEO, Saudi Tadawul Group (STG)
• QIU Yong, Chairman, Shanghai Stock Exchange (SSE)

Loh Boon Chye, WFE Chairman, said: “On behalf of the WFE Board of Directors, I extend a warm welcome to our new Board members as we work with Nandini’s team to advance WFE’s mission to foster a transparent, collaborative and innovative ecosystem for global financial markets. Their input will be invaluable to the success of WFE’s priorities around governance, clearing, ESG, education and new technologies, and we look forward to their active contribution.”

Nandini Sukumar, CEO at the WFE, said: “The WFE welcomes the new members of the Board. Their deep experience and knowledge of the sector will be a great benefit to us as we continue to advance the development of fair, transparent, stable and efficient markets. We thank those who have served, and continue to serve the industry.” 

For more information, please contact:

Cally Billimore                

Communications Manager       

[email protected]

+44 7391 204 007

        

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 the providers of over 250 pieces of market infrastructure, including standalone CCPs that are not part of exchange groups. Of our members, 36% are in Asia Pacific, 43% in EMEA and 21% in the Americas. The WFE’s 87 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. The exchanges covered by WFE data are home to over 55,000 listed companies, and the market capitalization of these entities is over $111tr; around $124tr in trading annually passes through WFE members (at end-2023).

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.

Website: www.world-exchanges.org

Twitter: @TheWFE

---