CSE’s Metaxas elected to FESE Board

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The Director General of the Cyprus Stock Exchange, Nondas Metaxas has been elected as a member of the Federation of European Securities Exchanges (FESE) Board for a two year period and among others will also as Chairman of the FESE Budget and Audit Committee.

Jukka Ruuska, FESE President, speaking on behalf of the FESE Board said:

“We are very pleased that these eminent experts have joined our Board and we are looking forward to working with them in the coming years which will be quite challenging for our industry. We would also like to thank in particular Massimo Capuano (President and CEO, Borsa Italiana), Olivier Lefebvre (former Chairman of the Board of Directors – Euronext Brussels, Member of the Management Committee, NYSE Euronext) and Stefan Mai (Head of Market Policy, Deutsche Börse) for their significant contribution to FESE’s accomplishments during the last two years.

Amongst others, we would like to pay tribute to the crucial role played by our former Board members during the negotiation and adoption of the European Code of Conduct on Clearing and Settlement of Cash Equities in 2006 and the subsequent agreement of the Access and Interoperability Agreement in 2007. The code is widely recognised for having set new standards for better regulation. The FESE Board recognises that without the active involvement of Massimo Capuano (former FESE President), Olivier Lefebvre and Stefan Mai – together representing some of the most important exchanges in Europe – this code would not have been signed”.

The FESE Board now comprises of the following persons:

FESE President, Jukka Ruuska, President of OMX Nordic Exchange, OMX

FESE Vice-President, Spyros Capralos, Chairman, Athens Exchange

FESE Chairman of the Management Committee, Ramon Adarraga, Director International Affairs, BME

FESE Chairman of the Budget and Audit Committee, Nondas Metaxas, Director General and CEO, Cyprus Stock Exchange

As well as: Christoph Bigger, Head of Business Development & Operations, Member of the Management Committee, SWX Swiss Exchange, Bruno Colmant, Member Chairman of the Board of Directors – Euronext Brussels, Member of the Management Committee and Deputy CFO – NYSE Euronext, Frank Gerstenschläger, Member of the Executive Board, responsible for the Cash Division, Deutsche Börse AG, Adam Kinsley, Director of Regulation, London Stock Exchange, Diarmuid O’Hegarty, Executive Director: Regulation and Compliance, London Metal Exchange, Marko Simoneti, President and CEO, Ljubljana Stock Exchange.