The World Federation of Exchanges Elects 7 Board Members
London, 20 September 2023 – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, elected 7 new Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 62nd General Assembly. The WFE Board comprises 18 leaders from around the world.
Today’s 7 elected new Board of Directors are as follows:
Mr. Boon Chye Loh, Chief Executive Officer, Singapore Exchange - Chairman, WFE (2-year term)
Mr. Jos Dijsselhof, Chief Executive Officer, SIX Group - Vice- Chairman, WFE (2-year term)
Mr. John McKenzie, Chief Executive Officer, TMX Group Limited - Working Committee Chairman, WFE (2-year term)
Mr. Greg Wojciechowski, President & CEO, Bermuda Stock Exchange - Director, Americas region (3-year term)
Mr. Fredric J. Tomczyk, Chief Executive Officer, Cboe Global Markets - Director, Americas region (3-year term)
Mr. Hiromi Yamaji, Group CEO, Japan Exchange Group - Director, Asia-Pacific region (3-year term)
Mr. Byungdoo Sohn, Chairman & CEO, Korea Exchange - Director, Asia-Pacific region (3-year term)
Nandini Sukumar, CEO at the WFE, said: “The WFE would like to welcome our new Chair, Vice Chair and Working Committee Chair CEOs of Singapore Exchange, SIX Group and TMX Group, respectively. Their knowledge and experience of the sector will be a great benefit to us as we continue to promote resilient, open and interconnected markets globally, as the voice of the industry. We thank Cboe for their dedication and contribution to the WFE as Chair, and look forward to continuing to work with them as a valued Board member.”
Boon Chye Loh, CEO at Singapore Exchange, said: “Singapore Exchange has been a longstanding supporter of the WFE. It is my privilege to serve as Chairman of WFE to help promote the association’s mission in fostering a transparent, collaborative, and innovative ecosystem for the global financial markets. With our expertise and experience, I look forward to working closely with Nandini and the board to advance WFE’s priorities in areas such as market infrastructure resiliency, mutual market connectivity as well as sustainability and inclusion.”
Jos Dijsselhof, CEO at the SIX Group, said: “I am honored to have been elected Vice Chairman of the WFE. This is a great opportunity to work with other leaders in the industry to promote resilient, open, and interconnected markets globally. I am committed to using my experience and knowledge to help the WFE achieve its goals. I believe that together, we can make a positive impact on the global financial markets.”
John McKenzie, CEO of TMX Group, said: "It is my distinct honour to join the WFE Board, and to serve as Working Committee Chair. The WFE plays an important role in promoting the ongoing strength and vitality of the global capital markets ecosystem, a critical component of the world economy. I look forward to working with the esteemed committee members from our peer exchanges, and the entire WFE board of directors, to address issues of impact across our industry, and find new, innovative ways to build on the organization's impressive track record."
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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 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 34% are in Asia-Pacific, 45% in EMEA and 21% in the Americas. WFE’s 90 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 50,000 listed companies, and the market capitalisation of these entities is over $100 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2022).
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.