Bursa Malaysia Berhad announced the appointment of Mr. William Francis Herder (Mr. Bill Herder) as the Independent Director to the Board of Directors of its subsidiaries, Bursa Malaysia Derivatives Berhad and its clearing house, Bursa Malaysia Derivatives Clearing Berhad (collectively referred to as Bursa Malaysia Derivatives Group), effective 2 June 2016.
Mr. William Bill Herder has over 20 years of experience in the listed derivatives industry. He is currently the President of Futures Industry Association (FIA) Asia. He has extensive experience in the futures and options business and has been a key participant in the development of processes and systems for the electronic trading and clearing of exchange traded derivatives. He received an MBA in Finance and Economics from University of Rochester.
The Boards of Directors of these subsidiaries as at 2 June 2016 consist of three Nominee Directors of Bursa Malaysia Berhad, one Nominee Director of Chicago Mercantile Exchange Group Inc. (CME Group Inc.) which owns 25% shareholding in Bursa Malaysia Derivatives Group and one independent Director. They are as follows:-
- Datuk Seri Tajuddin bin Atan
Chief Executive Officer and Executive Director of Bursa Malaysia Berhad; - Dato’ Zuraidah binti Atan
Non-Executive Director and Public Interest Director of Bursa Malaysia Berhad; - Datuk Chay Wai Leong
Independent Non-Executive Director of Bursa Malaysia Berhad; - Mr. Bryan Thomas Durkin
Director of CME Group Inc.; and - Mr. Bill Herder
Independent Director with experience in derivatives industry