The Federation of European Securities Exchanges (FESE) today announced that Rainer Riess has been appointed Director General on a permanent basis as of 1st of April 2015. The appointment was decided after a thorough selection process supported by a leading international search firm.
Rainer Riess has already served as interim Director General since 1st of August 2014 and for continuity we have decided to retain the title of Director General going forward. Rainer Riess is a well-known senior executive active in the exchange industry for many years. Previously he has held positions as a Board Member of FESE, Managing Director of Deutsche Börse AG and Deputy Chairman of the Board of Management of the Frankfurt Stock Exchange.
In addition Burçak Inel, Deputy Director General, has decided to take a family break. She will leave FESE after 10 years of service and the Board is very grateful for her highly valuable contribution over these years. A new Deputy Director General will be hired most likely in 2015. Richard Gardiner, who has been with FESE since 2010, has been promoted to be the new Head of Public and Regulatory Affairs with immediate effect. Also, since January 2015 the FESE team has been strengthened with the arrival of two Junior Policy Assistants.
Christian Katz, President of FESE said: “I am delighted that FESE was able to convince such a high caliber, seasoned exchange executive such as Rainer Riess to continue to lead FESE. Rainer has started to rejuvenate and strengthen the team, finalised the work on MiFiD II and will continue to lead our efforts to contribute towards a Capital Markets Union. The Board and the entire Membership of FESE look forward to continuing our excellent and productive working relationship with him”.