The Exchange Council of Eurex Deutschland and the Exchange Council of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse – FWB) were reconstituted on 18 January 2008. The current members of both Exchange Councils were elected on 21 November 2007. Each council consists of 18 members elected for a period of three years.
The members of the FWB Exchange Council re-elected Dr. Lutz Raettig (Morgan Stanley) as Chairman. The new Vice Chairman is Dr. Andre Carls (comdirect Bank AG), who replaces Hermann-Josef Lamberti. Hermann-Josef Lamberti will continue to be a member of the council. Heinz-Jürgen Schäfer (DVFA Deutsche Vereinigung für Finanzanalyse und Asset Management e.V.) and Prof. Wolfgang Gerke (University of Erlangen-Nuremberg) were re-elected as investor representatives.
The new Chairman of the Eurex Exchange Council is Gustav R. Gaß (Gass Capital Markets GmbH), who served as Vice Chairman in the last period of office. He replaces the previous Chairman, Hermann-Josef Lamberti (Deutsche Bank AG), who will remain a member of the council. The new Vice Chairman is Lars Hille (DZ Bank AG). Prof. Lutz Johanning (WHU – Otto Beisheim School of Management) and John Mathias (Merrill Lynch) were elected as investor representatives.
The exchange council is the highest controlling and supervisory body of a stock exchange. Primary duties include appointing and monitoring the exchange management as well as issuing the exchange regulations, the fee scale and the terms and conditions for exchange transactions.
