On 29th November 2010, the General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved 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 new FESE President and the appointment of Deirdre Somers, CEO of the Irish Stock Exchange as Vice President of FESE for the statutory term of two years. 

FESE President Mr Hans‐Ole Jochumsen said:“I thank the Members of FESE for electing me as President, it is an honour for me to take on this prestigious role and represent the European Exchanges. Financial markets face a number of challenges, including regulatory changes such as the review of MiFID, which FESE will be closely involved in with a view to contributing towards efficient and orderly markets. FESE will also be looking to ensure an adequate regulatory framework for OTC derivative markets and CCPs to foster further stability in financial markets. I look forward to working with all FESE Members and build upon the demonstrated resilience of our organisations. I also look forward to working closely with the newly elected Vice President Deirdre Somers, CEO of the Irish Stock Exchange.”

FESE Vice‐President Ms Deirdre Somers said:“I am delighted to accept the role of FESE Vice‐President. Having worked closely with FESE Members for a number of years I am honoured to take a stronger role in the organisation and I am keen to contribute further to FESE’s high level work. I am particularly looking forward to working with the FESE President, Hans‐Ole Jochumsen, the FESE Members and the Secretariat on the challenges ahead. I believe that FESE can contribute significantly to the EU legislative agenda on financial markets. The market infrastructure provided by FESE Members is crucial to delivering European economic growth through enterprise and entrepreneurship. These markets provide the funding, support and access necessary to grow and sustain European business and provide employment. I look forward to working with FESE in this critical area. “

Press release