October 29, 2013

Today, at the WFE General Assembly in Mexico City, the WFE delegates have made a landmark decision to approve moving the WFE's headquarters from Paris to London. The move to London will be envisaged by the end of 2013.

"Moving the WFE headquarters to London will place WFE in closer proximity to a wider universe of our members and their customers", said Andreas Preuss, Chairman of the WFE Board of Directors. "This will underpin our strong commitment to maintaining an on-going dialogue with these key constituencies."

"Our ultimate goal is to transform WFE into a more outward looking organization actively engaged with the financial industry," said Hüseyin Erkan, CEO of the WFE. "The WFE's presence in London will place us in close proximity to many of our members' operations, as well as to the global financial media, and will facilitate our interactions with the major sell-side and buy-side of the markets as well as other stakeholders of our industry."

Chairmen and Chief Executives from more than 50 of the world's leading exchanges are gathered in Mexico City this week for the 53rd WFE General Assembly and Annual Meeting. The Annual Assembly represents the largest and most widely attended gathering of global exchange leaders.

Award for Excellence 
This year's "WFE Award for Excellence" was presented to Professor Robert C. Merton, MIT Sloan School of Management, and Professor Myron Scholes, Stanford Graduate School of Business and the late Fischer Black, former Director of the Quantitative Strategies Group at Goldman Sachs, in recognition of their development of the groundbreaking Black-Scholes Model in 1973. Professor Merton will accept the award in person at a ceremony during the Annual Meeting.

New WFE Member Exchanges 
The WFE General Assembly approved the membership of Dubai Financial Markets, Hochiminh Stock Exchange, Kazakhstan Stock Exchange, New Zealand Stock Exchange, and Qatar Exchange. Together with these new members, WFE membership includes 62 regulated exchanges.

WFE Elects 2014 Board of Directors 
The General Assembly also elected its new Board of Directors for 2014. A list of the new directors is included below.

WFE Annual Meeting 2014
The next WFE Annual Meeting will be hosted by the Korea Exchange in Seoul.

WFE Board of Directors 2014

Chairman 
Andreas Preuss, Deutsche Börse AG

Vice Chairman 
Thomas Kloet, TMX

Group Chairman of the Working Committee 
Ravi Narain, National Stock Exchange of India

Americas 
Edemir Pinto, BM&FBOVESPA,
Phupinder Gill, CME Group,
William J. Brodsky, CBOE Holdings
Luiz Tellez, Bolsa Mexicana de Valores,

Asia-Pacific
Chow Chung Kong, Hong Kong Exchanges and Clearing
Gui Minjie, Shanghai Stock Exchange
Atsushi Saito, Japan Exchange Group
Kyungsoo Choi, Chairman & CEO, Korea Exchange

Europe - Middle East - Africa 
Tony Weeresinghe, London Stock Exchange Group
Nicky Newton-King, Johannesburg Stock Exchange
Ibrahim M. Turhan, Borsa Istanbul
Urs Rüegsegger, SIX Swiss Exchange

At large 
Duncan Niederauer, NYSE Euronext
Meyer S. Frucher, Nasdaq OMX

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For more information, please contact:

Anna Watson
Head of Communications, The World Federation of Exchanges
Email: awatson@world-exchanges.org
Phone: +44 20 7151 4137 / +44 7850 287 685
Twitter: @TheWFE