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Jiway, The Next Generation Exchange, Appoints Managing Director

Date 20/06/2000

Jiway, the revolutionary new pan-European stock exchange, today announced that it had appointed Ian McNeil as Managing Director of Jiway Ltd. Jiway Ltd, a subsidiary of Jiway Holdings Ltd, has made an application to the Financial Services Authority for Recognised Investment Exchange(RIE) status in the UK.

Per Swensson, Jiway Chief Executive, said, "We were looking for a person who had significant cross-border experience as well as a thorough understanding of the exchange business from trading through clearing and settlement. Ian's experience in investment banking, and previously at the London Stock Exchange, provides us with the right combination of skills, and we are delighted that he has agreed to join us."

Ian McNeil will be responsible for the complete operation of the RIE including regulation, surveillance and compliance, systems and operations. He will report directly to Per Swensson.