ISE Announces Three New Board Members
June 05 2008 - 9:00AM
Business Wire
The International Securities Exchange (ISE) today announced that
three new members have been elected to its Board of Directors.
Thomas Eichelmann, Chief Financial Officer of Deutsche B�rse Group,
will join the ISE Board as a non-industry director. Matthew
Andresen and Timothy Brennan will join the Board as representatives
of ISE�s Primary Market Makers (PMMs) and Competitive Market Makers
(CMMs), respectively. Mr. Eichelmann joined Deutsche B�rse AG on
July 1, 2007 as Chief Financial Officer. From 2000 to 2007, he was
a Partner and Head of the Global Competence Center Financial
Services at Roland Berger Strategy Consultants and was appointed a
member of the Global Management Board in December 2002. Before
joining Roland Berger, Mr. Eichelmann worked as Senior Manager for
Bain & Company in Munich.�He attended the Universities of
Hohenheim and Zurich in Switzerland, where he received a degree in
Business Administration. Mr. Andresen has been Co-Head of Citadel
Derivatives Group and President of Citadel Execution Services since
June 2004. Prior to Citadel, he was the Chief Executive Officer of
Island ECN, and then Chief Operating Officer of Instinet, LLC
following the merger of the two ECNs. Mr. Andresen serves on the
Board of Directors of Direct Edge ECN. He is a graduate of Duke
University, where he received bachelor degrees in Economics and
Political Science. Mr. Brennan is a Managing Director with Merrill
Lynch responsible for listed options Automated Market Making
business development. Prior to joining Merrill Lynch in November
2007, Mr. Brennan was a Senior Vice President for Automated Trading
Desk where he was responsible for building an Automated Market
Making business. From 2004 to 2005, Mr. Brennan was a Director at
Citadel Investment Group where his responsibilities included
managing options trading floor operations and exchange
relationships. Prior to that, Mr. Brennan worked at Morgan Stanley
from 1986 to 2004. Mr. Brennan is a graduate of Benedictine
College. �We are truly pleased to welcome three new members to our
Board of Directors,� said Gary Katz, ISE�s President and Chief
Executive Officer. �Thomas, Matt and Tim are demonstrated industry
leaders with diverse experience and knowledge, and we look forward
to the valuable insight that they will bring to our organization.�
In addition to the newly elected Board members, Dr. Frank Jones,
Sarah Miller and Andreas Preuss were re-elected to serve a two-year
term. Gary Katz, ISE�s President and Chief Executive Officer, was
re-elected to serve a one-year term. Peter Bottini, Executive Vice
-President of Trading/Customer Service at optionsXpress, Inc., was
also re-elected for a two-year term as a representative of ISE�s
Electronic Access Members (EAMs). ISE Background The International
Securities Exchange operates a family of fully electronic trading
platforms, creating efficient markets through innovative technology
and market structure. ISE�s markets portfolio consists of an
options exchange and a stock exchange. As the world�s largest
equity options trading venue, ISE offers options on equities, ETFs,
indexes, and FX. The ISE Stock Exchange trades approximately 6,000
products, and is the only fully electronic equities platform that
provides the opportunity for continuous price improvement through
the interaction of its non-displayed liquidity pool, MidPoint
Match, and its displayed stock market. ISE Alternative Markets is
scheduled to launch in 2008 and will offer a parimutuel trading
platform for derivatives auctions. To complement its markets and
enable investors to trade smarter, ISE creates innovative new
products including a portfolio of proprietary indexes and enhanced
market data for sophisticated investors. ISE is a wholly owned
subsidiary of Eurex, a leading global derivatives exchange. Eurex
itself is jointly owned by Deutsche B�rse AG (Ticker: DB1) and SWX
Swiss Exchange. Together, Eurex and ISE are the global market
leader in individual equity and equity index derivatives.
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