Global exchange lobby appoints first woman chair

Chitra Ramkrishna

Ramkrishna, who is managing director and CEO of the National Stock Exchange of India, will be the 28th chair of the WFE.

She takes over in the role from Colombian Securities Exchange CEO Juan Pablo Cordoba, according to a November 3 statement.

Ramkrishna, who enjoys listening to Indian classical instruments and lists Mahatma Gandhi as a big influence, said she was honoured to be the chairperson of the industry association for exchanges and clearing houses.

She said: “The WFE is the global voice of the exchange and CCP industry and, as such, represents the views and perspectives of some of the most systemically important financial market infrastructures around the world.”

“I therefore feel privileged to be part of the team helping to steward the organisation through its next phase of development”.

Urs Rüegsegger, who has been the CEO of Zurich-based Six Group since the start of 2008, becomes the WFE’s vice-chairman, filling a post vacated by Ramkrishna.

Rüegsegger was previously chairman of the WFE’s working committee. That post will be filled by William Brodsky, chairman of Chicago-based options giant CBOE Holdings.

The board changes were announced at the WFE’s 56th general assembly in Cartagena, Colombia.

The WFE has also granted full membership status to the Palestine Stock Exchange.

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