London, 19 March 2018 – The World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, is pleased to confirm the appointment of Richard Metcalfe as the Head of Regulatory Affairs for the WFE.
Richard joins following a consulting project at BNY Mellon, where he has been providing advice on the practical implementation of MiFID II and other pieces of legislation for the markets businesses of the bank. He represented the bank in external fora as well as liaising with the business, legal, compliance and IT functions. Prior to this, Richard set up his own consultancy to focus on the MiFID regime and wholesale markets.
Richard's previous role was as Director of Regulatory Affairs at the Investment Association, where he developed the trade body's regulatory and compliance analysis, and spearheaded its international lobbying on markets, investor protection and systemic risk.
Richard has also held a number of senior roles at the International Swaps & Derivatives Association (ISDA), most notably as Senior Regulatory Advisor & Deputy Head of EMEA, Head of Policy (Global), and co-head of the London office.
Richard, who starts today, reports to Nandini Sukumar, CEO of the WFE.
Nandini Sukumar, CEO, the WFE said: "We are delighted to welcome Richard to the team. Over his 30-year career in financial services, Richard has held a number of senior roles in the market infrastructure and regulatory space. His deep knowledge and expertise of global markets, coupled with a strong focus on CCPs and wider market structure issues, ensures he will evolve our regulatory affairs function and the work of our 10 subject-specific member working groups over the coming years.
"We thank Gavin Hill for his contribution to the WFE over the past two and a half years, and look forward to working with him in his new role in compliance at WFE member LME."
Richard Metcalfe, Head of Regulatory Affairs, the WFE said: "This is a very exciting time to join the WFE as it expands its team and influence as the global voice for exchanges and CCPs. I'm thrilled to be part of such a dynamic and ambitious team, and look forward to being part of the WFE's next phase of growth."
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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 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, which is critical to enhancing investor and consumer confidence, and promoting economic growth.
For more information, please contact:
Head of Communications, The World Federation of Exchanges
Phone: +44 20 7151 4137 / +44 7850 287 685