The UK-headquartered World Federation of Exchanges (WFE) has elected Qatar Stock Exchange (QSE) CEO Rashid bin Ali al-Mansoori as its board member.
“Winning the elections for the post of WFE board member is an important achievement for QSE and an indication of its prominent regional and global position,” al-Mansoori said in South Korea, where the general assembly of WFE was held.
The WFE is a central reference point for the securities industry, and for exchanges. It develops and promotes standards in market, publishes research on topical subjects, supports reform, international co-operation and co-ordination among regulators.
WFE exchanges are home to more than 45,000 listed companies.
Al-Mansoori 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 with keynote addresses by Geun-hye Park, President of South Korea; and Je-Yoon Shin, chairman of the Korean Financial Services Commission; and Kyungsoo Choi, chairman and CEO, Korea Exchange.
The WFE - which is the trade association of 60 publicly regulated stock, futures and options exchanges -reflects the commitment of member stock exchanges to generally accepted international standards to promote investments.