LONDON & BOCA RATON, Fla.--(BUSINESS WIRE)--The World Federation of Exchanges (WFE), the global trade association of regulated exchanges, today announced the appointment of Nandini Sukumar to the position of Chief Executive Officer. Ms Sukumar has been Acting CEO of the WFE since November last year.
``The Board was unanimous in its decision to offer Nandini the role permanently,’’ said Juan Pablo Cordoba, Chairman of the WFE and Chief Executive of Bolsa de Valores de Colombia. ‘’As we transform WFE into the global voice for public markets -- advocating our causes and enlightening stakeholders on the crucial role exchanges play in serving the economy -- we believe her energy, drive and understanding of the issues will allow us to communicate powerfully with the world outside.’’
Ms Sukumar, hired by the WFE Board as Chief Administrative Officer last year, has run the Federation on a daily basis since July 2014, working with the organization’s global network of members as a proponent of the industry’s unified view on the benefits of exchange trading. She joined WFE after a 14-year career at Bloomberg News where she created and established its coverage of exchanges and of the U.K. financial services regulator.
‘’I am honored by the confidence the Board has shown in me and look forward to working further with our members to help forge consensus on issues that affect us all,’’ said Nandini Sukumar. ``As investor demands for financing and ways to transfer risk continue to grow, WFE will work to articulate the efforts of our members. And -- as markets evolve -- WFE will seek to educate stakeholders on behalf of its members who daily operate fair, transparent and orderly markets.’’
ABOUT THE WFE:
The World Federation of Exchanges is the trade association for the operators of regulated exchanges. WFE’s 64 member exchanges cover every geography and time zone spanning organizations from CME Group, Nasdaq, Deutsche Boerse AG, and HKEx to the Kazakhstan Stock Exchange and the Nigerian Stock Exchange. WFE member markets are home to more than 44,000 listed companies and the WFE’s statistics database covers more than 350 indicators incorporating 70 years of data from exchanges worldwide.