As WFE members gather this year in Athens, the home of the original marketplace, we go back to basics. We focus on the role of markets in renewal: the continued relevance of markets-based financing; the centrality of markets in ensuring accountability and transparency; and the overarching contribution of markets to sustainable development. Exchanges and CCPs are fundamental to the economies and societies they serve.
The General Assembly is the ultimate decision-making body of the WFE. Members vote on matters pertaining to the Federation. The Annual Meeting is an invitation-only public conference, where leaders of global exchanges and CCPs, regulatory authorities, policy makers, and the buy-side gather to engage on the major issues of the industry.
Since its foundation in 1961, the WFE has organised committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organisation, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past five decades we have published studies and reports on issues such as CCP recovery & resolution, business continuity, self-regulation, cross border trading, HFT, sustainability, SMEs and cyber security.
Chief Executive Officer, Athens Stock Exchange
Socrates Lazaridis is Chief Executive Officer of Hellenic Exchanges-Athens Stock Exchange and the subsidiaries Athens Exchange Clearing House and Hellenic Central Securities Depository.
He is also Chairman of the Board of the Stock Markets Steering Committee, member of the Board of the Hellenic Capital Market Commission, Vice Chairman of the Hellenic Corporate Governance Council and Member of the Board of the American - Hellenic Chamber of Commerce.
He joined the Athens Exchange Group in 1994 and held several positions at the Central Securities Depository, the "Systems Development and Support of Capital Market" (ASYK SA) and the Athens Exchange, while he also served as member of the Board at Athens Derivatives Exchange and the Athens Derivatives Exchange Clearing House. He was also member of the Board of the LinkUp Markets and of the Federation of the European Securities Exchanges (FESE).
Born in Athens in 1962, he studied Economics at the Department of Economics in Athens University and continued his studies for an MSc (Econ) at Queen Mary College of London.
Non-Executive Chairman of Shanghai Stock Exchange, Vice Mayor of Shanghai, Chairman of The World Federation of Exchanges
Mr. Wu Qing has been deeply involved in financial regulation, risk control and policy making on financial development and reform. He has recently become Vice Mayor of Shanghai.
He, now as Non-Executive Chairman of Shanghai Stock Exchange (SSE), continues to serve The WFE as its Chairman and will complete the mandate till October 2018.
In May 2016, he was appointed Executive Chairman of SSE. Prior to joining the SSE, he served as District Mayor in Shanghai for six years. From 1992 to 2010, he worked in various posts of the China Securities Regulatory Commission (CSRC), became Deputy Director-General of the Intermediary Supervision Department in 1997 and then Director-General in 2004. He also served in Securities Risk Tackling Office and Fund Supervision Department of CSRC.
Mr. Wu Qing undertook policy research about conditions of the opening-up of China’s securities sector, and engaged in multiple WTO accession negotiations. He led the World Bank’s research about the risk index system of securities companies, and participated in projects including research on globalisation and big enterprises conducted by Judge Institute of Management Studies, University of Cambridge. In addition, he also engaged in the formulation and revision of the Securities Law and Securities Investment Fund Law. He was also a member of the Board of Directors of The World Federation of Exchanges.
Since the early 1990s, he has participated in the disposition and reorganisation of about 50 high-risk financial institutions. Also, he has conducted extensive research in financial theory and practice, including monetary policy, financial institutions, financial regulation and risk control.
Mr. Wu Qing obtained his bachelor’s degree in economics from Shanghai University of Finance and Economics, his master’s degree and PhD in economics from Renmin University of China. He also holds an MBA degree from University of Cambridge.
Dr. Urs Rüegsgegger
Chairman, SIX Swiss Exchange, Vice Chairman of The World Federation of Exchanges
Urs Rüegsegger served as the Group Chief Executive Officer of SIX Group AG from 2008 to December 2017. Prior to this he held the position of Head of the Executive Committee of St. Galler Kantonalbank. He joined the bank in 1993 as Head of Controlling, Accounting and Risk Management and was appointed to the Executive Committee in 1997. In 2000 he took charge of the IPO, which was successfully launched in 2001.
As Head of the Executive Committee he also held various positions with the Association of Swiss Cantonal Banks since 2001.
After completing a degree in business studies at the University of St. Gallen, Urs Rüegsegger started his career at Swiss Re in the area of IT. He was deeply involved in the development of commercial applications and the restructuring of Swiss Re's service branch. He transferred to St. Galler Kantonalbank in late 1993 after assuming financial responsibility for Audatex, an international subsidiary group of Swiss Re.
Chief Executive Officer, The World Federation of Exchanges
Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. WFE exchanges are home to nearly 45,000 listed companies, the market capitalization of these entities is over $82.5 trillion and around $81.8 trillion in trading annually passes through the infrastructures that the WFE members safeguard. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s DLT Workstream.
Ms. Sukumar has been CEO of the WFE since March 2015. Prior to this, she served as Acting Chief Executive Officer from November 2014, having been recruited by the WFE Board as Chief Administrative Officer in May 2014 to run the Federation on a daily basis and work with its global network of members as a proponent of the benefits of fair, orderly, public markets. Ms. Sukumar came to the WFE after a 14-year career at Bloomberg where she created, grew and ran their coverage of market structure, exchanges and UK regulation.
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