Thomas Siegl Appointed New Member Of The ECC Management Board

The Supervisory Board of European Commodity Clearing AG (ECC) has appointed Dr. Thomas Siegl a member of the Management Board of ECC AG. As the Chief Risk Officer (CRO) Mr. Siegl will assume responsibility for ECC’s risk controlling and risk management from 1 May 2010.

Thomas Siegl, who is Austrian by birth, is an acknowledged banking and financial expert and currently holds responsibility for the central Risk Management Division of BHF-BANK Aktiengesellschaft in Frankfurt.

European Commodity Clearing AG (ECC) is a clearing house whose range of services comprises clearing and settlement for exchange and over-the-counter transactions in energy. The Leipzig-based company was established in the year 2006 with the spin-off and transfer of the clearing activities of European Energy Exchange AG (EEX) to this subsidiary. Currently, ECC provides clearing as well as physical and financial settlement of the transactions concluded on APX-ENDEX, CEGH Gas Exchange of Wiener Börse, EEX, EPEX Spot and Powernext.