During the 2014 Annual Meetings held in Seoul, Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, was today elected as a Board Member of the World Federation of Exchanges (WFE).
The meetings also resulted in the election of a new Board Chairman, Vice Chairman, Chairman of the Working Committee, and a number of Board Members representing the world's different regions; the Americas, Asia-Pacific, and Europe-Middle East-Africa. Mr. Al-Mansoori was elected by the WFE General Assembly to represent Europe-Middle East-Africa region for three-year term.
Mr. Al-Mansoori expressed his satisfaction for being elected as a member of the Board of WFE, which is the largest international platform for the world's stock, futures and options exchanges. Al-Mansoori stated "winning the elections for the post of WFE Board Member is an important achievement for Qatar Stock Exchange and an indication of its prominent regional and global position. We are happy to be part of an organization that represents markets worldwide that are fair, transparent, well regulated and that play an important role in the economies of our respective countries".
The WFE is a central reference point for the securities industry, and for exchanges themselves. The WFE offers members guidance on their business strategies, and on improvements and harmonization of their management practices. The WFE develops and promotes standards in markets, publishes research on topical subjects, supports reform, international cooperation and coordination among regulators. WFE exchanges are home to more than 45,000 listed companies and the WFE statistics database covers more than 350 indicators and 70 years of data from exchanges worldwide,” Al-Mansoori added.
Mr. Al-Mansoori today also held several meetings with senior officials of a number of Arab and international stock exchanges and participated in a number of panel discussions that accompanied the meetings and addressed a number of issues of concern to exchanges and investors. The WFE 2014 Annual Meetings were officially opened this morning with keynote addresses by the Geun-hye Park, President of the Republic of Korea; and Je-Yoon Shin, Chairman of the Korean Financial Services Commission; and Kyungsoo Choi, Chairman & CEO, Korea Exchange.
It is worth mentioning that the World Federation of Exchanges reflects the commitment of member stock exchanges to generally accepted international standards to promote investments. The WFE is an important reference point for many international investors about the investment atmosphere in the member markets. The WFE is the trade association of 60 publicly regulated stock, futures and options exchanges. Its market operators are responsible for operating key components of the financial world.