Bursa Malaysia names new CEO
Dato’ Tajuddin Atan officially started his new role as Chief Executive Officer of Bursa Malaysia on 1 April 2011.
CEE Stock Exchange Group’s management board contracts extended for five years
The supervisory board of CEESEG (CEE Stock Exchange Group) decided to prolong the contracts of the members of the management board Michael Buhl and Heinrich Schaller for a further period of office of five years, until June 2016. The CEESEG is responsible for the strategic and financial management as well as the administration of the equity interests in the stock exchanges of Budapest, Prague and Ljubljana.
DTCC appoints new Chairman
The Depository Trust & Clearing Corporation’s Board of Directors appointed Robert Druskin as Chairman of the Board, effective 18 April 2011.
The Egyptian Exchange has new Chairman
The Egyptian authorities appointed Mohamed Abd el Salam, the Chairman of Misr for Clearing and Settlement (MCDR), as new Chairman of the Egyptian Exchange for the coming 6-month period.
London Stock Exchange Group sells Servizio Titoli
The London Stock Exchange Group has agreed to sell Servizio Titoli, a provider of shareholder management services to listed companies in Italy, to Computershare for total cash consideration of EUR 30 m plus an amount of up to EUR 2.4 m for the net cash balance as at completion. The sale is expected to be completed mid May 2011.
Options Clearing Corporation revises brand identity
Reflecting its more diverse suite of clearing solutions, the Options Clearing Corporation has revised its brand identity and will now be known as OCC. It has, of course, been informally known as OCC for 35 years, so the change, along with the slightly revised logo, more closely represents the evolution taking place at OCC, and in the marketplaces it serves. Clearing US exchange-listed options remains the core business, but OCC offers more clearing solutions than the name Options Clearing Corporation implies. In fact, OCC provides central counterparty clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions.