FWB Exchange Council Re-Elects Lutz Raettig As Chairman

The Exchange Council of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse – FWB) was reconstituted on 27 January 2011. The members re-elected Dr. Lutz Raettig (Morgan Stanley) as Chairman. His new Vice Chairman is Dr. Werner Brandt (SAP AG).

Heinz-Jürgen Schäfer (DVFA Deutsche Vereinigung für Finanzanalyse und Asset Management e.V.) and Professor Peter Gomber (Goethe University of Frankfurt/Main) were elected as investor representatives.

The council consists of 17 members elected for a period of three years, the election took place on 25 November 2010. 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.