PRESS RELEASE

 The World Federation of Exchanges Elects 10 Board Members 

London, 9 September 2021 – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, elected 10 new Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly. The WFE Board comprises 18 leaders from around the world.

Today’s 10 elected new Board of Directors are as follows:

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

Mr Boon Chye Loh, CEO, Singapore Exchange – Vice Chairman, the WFE (2-year term)

Mr Jos Dijsselhof, CEO, SIX Group - Working Committee Chairman, the WFE (2-year term)

Mr Gilson Finkelsztain, CEO, B3 (Brasil Bolsa Balcão) - Director, Americas region (3-year term)

Mr Edward Knight, Vice Chairman, Nasdaq - Director, Americas region (3-year term)

Mrs Laura Cha, Chairman, Hong Kong Exchanges and Clearing - Director, Asia-Pacific region (3-year term)

Mr Vikram Limaye, Managing Director & CEO, National Stock Exchange of India - Director, Asia-Pacific region (3-year term)

Mr Korkmaz Ergun, Chief Executive Officer, Borsa Istanbul  – Director, EMEA region (3-year term)

Mr Oscar Onyema, Group CEO, Nigerian Exchange Group - Director, EMEA region (3-year term)

Eng. Khalid Abdullah Al Hussan, CEO, Saudi Tadawul Group - Director, EMEA region (3-year term)

“We are pleased to welcome Ed as Chairman of the WFE. Ed brings many years of industry experience and a passion and commitment to our mission, and we look forward to furthering our progress under his chairmanship. We would like to express immense gratitude to Dr. Urs Rüegsegger, the outgoing chairman, who has been a great champion of our industry and of the WFE. He has been instrumental in making us the voice of the industry,” said Nandini Sukumar, CEO of the WFE. “Exchanges and CCPs will continue to play a vital role in fostering a sustainable financial system and in ensuring the integrity and stability of our markets. As market infrastructure continues to evolve globally, the WFE remains committed to its mission of maintaining resilient, open and interconnected markets across the world.” 

 “I have enjoyed working with Ed during our tenures at the WFE and wish him the best of luck as he takes the helm as Chairman,’’ said Dr. Urs Rüegsegger, Chairman of SIX Swiss Exchange and outgoing Chairman of the WFE. ‘’I have no doubt that he and Nandini will continue to successfully guide the WFE board in its work to further promote the development of well-regulated and transparent markets, serve its members, and position the WFE as the world’s most important advocacy group for exchanges and CCPs globally.”

“I am deeply honored to have the privilege to serve as the new Chairman of the WFE,” said Ed Tilly, Chairman, President and CEO of Cboe Global Markets. “Cboe has been a longstanding member of the WFE and shares a common vision for promoting markets that serve all investors. I look forward to working even more closely with Nandini and the WFE board and its members as a collective force to ensure the integrity of global markets, advocate for smart and efficient regulation, support measures that facilitate global capital flow, drive the transition towards an inclusive and sustainable economy, and speak as one clear and powerful voice for our industry.” 

As of 9 September 2021, the full 18-member WFE Board of Directors is as follows:

Mr Edward Tilly, Chairman, President & CEO, Cboe Global Markets - Chairman,  the WFE

Mr Boon Chye Loh, CEO, Singapore Exchange – Vice Chairman, the WFE

Mr Jos Dijsselhof, CEO, SIX Group - Working Committee Chairman, the WFE

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

Mr Akira Kiyota, Group Chief Executive Officer, Japan Exchange Group - Director, Asia-Pacific region

Mr Byungdoo Sohn, Chairman & Chief Executive Officer, Korea Exchange - Director, Asia-Pacific region

Mr Vikram Limaye, Managing Director & CEO, National Stock Exchange of India - Director, Asia-Pacific region

Mr Huang Hongyuan, Chairman, Shanghai Stock Exchange - Director, Asia-Pacific region

Mr Gilson Finkelsztain, CEO, B3 (Brasil Bolsa Balcão) - Director, Americas region

Mr Greg Wojciechowski, President & Chief Executive Officer, Bermuda Stock Exchange - Director, Americas region

Mr Juan Pablo Cordoba, Chief Executive Officer, Bolsa de Valores de Colombia - Director, Americas region

Mr John W. Pietrowicz, Chief Financial Officer, CME Group - Director, Americas region

Mr Edward Knight, Vice Chairman, Nasdaq - Director, Americas region

Mr Korkmaz Ergun, Chief Executive Officer, Borsa Istanbul  – Director, EMEA region 

Mr Andreas Preuss, WFE Board Representative,  Deutsche Börse AG - Director, EMEA region

Dr Leila Fourie, CEO, Johannesburg Stock Exchange - Director, EMEA region

Mr Oscar Onyema, Group CEO, Nigerian Exchange Group - Director, EMEA region 

Eng. Khalid Abdullah Al Hussan, CEO, Saudi Tadawul Group - Director, EMEA region 


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 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 35% are in Asia-Pacific, 45% in EMEA and 20% in the Americas. WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to 47,919 listed companies, and the market capitalisation of these entities is over $109 trillion; around $137 trillion (EOB) in trading annually passes through WFE members (at end 2020).

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.


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For more information, please contact:

Bill Yelverton
Streets Consulting
Email: [email protected]
Phone: +44 20 7959 2235
Twitter: @TheWFE