PRESS RELEASE

The World Federation of Exchanges announces the 2025 WFE Women Leaders List

London, 7 March 2025 – The World Federation of Exchanges (WFE) has announced its fifth annual WFE Women Leaders list. This initiative celebrates the exceptional contributions of women working within market infrastructures around the world, highlighting their leadership and contribution to the industry.

The WFE is committed to promoting diversity and inclusion within the financial sector. Our Women Leaders initiative aims to shine a spotlight on the talented and gifted women from the global exchanges and clearing houses within our membership.

From the total pool of nominations, 20 women were chosen by the WFE Selection Committee, themselves a distinguished group of leaders.

The list is as follows:

  • Noelle Aljaweini, Chief of Cash Markets, Saudi Exchange
  • Valerie Bannert-Thurner, EVP, Chief Revenue Officer for Nasdaq’s Financial Technology, Nasdaq
  • Kristin Brandon, Head of Policy & Regulatory Affairs, NZX Limited
  • Dr. Rinjai Chakornpipat, CFA, Senior Executive Vice President, Head of Market Division and Managing Director - Thailand Futures Exchange Public Company Limited, The Stock Exchange of Thailand
  • Carla Dawson, Chief Human Resources Officer, OCC
  • Yolanda Gil Quintero, Chief Integration Officer, nuam
  • Jill Griebenow, Chief Financial Officer, Cboe Global Markets
  • Fátima Guerra, Audit Superintendent of BSM Market Supervision, B3 - Brasil Bolsa Balcão
  • Cheryl Graden, Chief Legal & Enterprise Corporate Affairs Officer and Corporate Secretary, TMX Group
  • Jin Hennig, Managing Director and Global Head of Metals, CME Group
  • Vanessa Lau, Chief Operating Officer & Group Chief Financial Officer, Hong Kong Exchanges and Clearing Limited (HKEX)
  • Edith Lee, President, Taiwan Stock Exchange
  • Alla Li, Deputy Chairperson of Management Board KASE Clearing Centre JSC (KACC), Kazakhstan Stock Exchange (KASE)
  • Thapelo Moribame, Head of Market Development, Botswana Stock Exchange
  • Katherine Ng, Head of Listing, Hong Kong Exchanges and Clearing Limited (HKEX)
  • Johnna Powell, Managing Director, Head of Technology, Research and Innovation, The Depository Trust & Clearing Corporation (DTCC)
  • Emma Quinn, President, Cboe Australia, Cboe Global Markets
  • Yukti Sharma, Vice President & Head – Listing, National Stock Exchange of India Ltd.
  • Emily Spurling, Senior Vice President, Head of Nasdaq Global Indexes, Nasdaq
  • Hannah Zaunmüller, Chief Human Resources Officer, SIX Group


For more on each applicant, read our Focus Magazine special edition dedicated to the 2025 WFE Women Leaders.


Nandini Sukumar, CEO at the WFE, said, "We are delighted to highlight these brilliant women and recognise their significant contributions to our industry. Their leadership, dedication, and vision are instrumental in shaping the future of global financial markets. Each year we receive an abundance of high-quality nominations, each an example of intelligence, hard work, perseverance and tenacity for the next generation. We congratulate those who made the list this year, as well as all applicants who should be proud of their vast achievements and the work they are doing to nurture the next cohort of women leaders."


For more information, please contact:

Cally Billimore +44 7391 204 007

Communications Manager [email protected]


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, 37% are in Asia-Pacific, 44% in EMEA and 19% in the Americas. 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. WFE exchanges, together with other exchanges feeding into our database, are home to over 51,000 listed companies, and the market capitalisation of these entities is over $110 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2024).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back 49 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



For more information, please contact:

Cally Billimore
Manager, Communications
Email: [email protected]
Phone: +44 7391 204 007
Twitter: @TheWFE