Brussels, 7-8-2014 — /EuropaWire/ — The Federation of European Securities Exchanges (FESE) today announced that Rainer Riess has been appointed as Interim Director General as of 1st of August 2014.
Rainer Riess has been a senior executive in the exchange industry for many years and previously has held positions as a Board Member of FESE, Managing Director of Deutsche Börse AG and Deputy Chairman of the Board of Management of the Frankfurt Stock Exchange. He left Deutsche Börse Group, where he was a driving force behind the development the cash market businesses, last year after more than 24 years. Rainer Riess continues to serve as a member of the ESMA secondary markets consultative working group and serves as an advisor to the financial industry.
Rainer will head FESE as interim Director General and will lead our efforts on crucial policy initiatives and important projects to strengthen European capital markets.
Christian Katz, President of FESE said “I am delighted to welcome Rainer Riess to the FESE team. Rainer is a well-known and very accomplished industry expert. His leadership will support the Federation in strengthening our relationships with the current and new EU Parliament and Commission as well as the industry at large. On behalf of the Board and the entire Membership of the Federation, we look forward to working with him”.
Rainer Riess said “Improving the efficiency of capital markets in Europe has always been an exciting subject for me. Exchanges play a tremendous role in Europe to secure capital financing and risk mitigation to foster growth and employment. I am honoured to lead FESE in this transition period and look forward to working with the FESE staff, our members, our industry partners and EU institutions to make things better for Europe and Europeans”.
Note from the editor
The Federation of European Securities Exchanges (FESE) represents 41 exchanges in equities, bonds, derivatives and commodities through 21 full members from 30 countries, as well as one Affiliate Member and one Observer Member. FESE is a keen defender of the Internal Market and many of its members have become multi-jurisdictional exchanges, providing market access across multiple investor communities. FESE represents public Regulated Markets. Regulated Markets provide both institutional and retail investors with transparent and neutral price-formation. Securities admitted to trading on our
markets have to comply with stringent initial and ongoing disclosure requirements and accounting and auditing standards imposed by EU laws.
At the end of 2013, FESE members had up to 8,950 companies listed on their markets, of which 8% are foreign companies contributing towards the European integration and providing broad and liquid access to Europe’s capital markets. Many of our members also organise specialised markets that allow small and medium sized companies across Europe to access the capital markets; 1,478 companies were listed in these specialised markets/segments in equity, increasing choice for investors and issuers.
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