On 29th November 2012, the General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved to renew the appointment of Hans‐Ole Jochumsen, Executive Vice President of the NASDAQ OMX Group as well as President of NASDAQ OMX Nordic and responsible for NASDAQ OMX Global Data Products, as the FESE President for one year. The Board also unanimously renewed the appointment of Deirdre Somers, CEO of the Irish Stock Exchange as Vice President of FESE for an additional year.
FESE President Mr Hans‐Ole Jochumsen said:
“I thank FESE Members for their confidence. It is an honour to lead our industry at such a critical juncture. We are in the middle of fundamental reforms on both sides of the Atlantic which will have a transforming impact on our members. We support the regulatory work being done in Europe and we will continue to engage constructively with our key stakeholders including the European Commission, the European Parliament and the Council. Going forward, we will also focus increasingly on the growth agenda. Regulated Markets are at the heart of our equity markets. Exchanges can do much to support market‐led growth in Europe. This issue will be on the top of FESE’s agenda going forward”.
FESE Vice‐President Ms Deirdre Somers said:
“I am delighted that our members have asked me to stay on as FESEs Vice‐President for an additional year. Our industry is facing critical challenges going forward and the work of FESE will be instrumental in shaping our regulatory future. Exchanges play a fundamental role in our national economies. Exchanges uniquely contribute to our economy by helping companies raise capital. During the next year, our focus will be on how exchanges can help foster economic growth and stability. I look forward to working with FESE and its Members over the coming year as well as continuing the excellent cooperation with Hans‐Ole Jochumsen”.