Three new members have been elected to the International Securities Exchange (ISE) board of directors.
Thomas Eichelmann, chief financial officer of Deutsche Boerse 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.
Eichelmann joined Deutsche Boerse 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, 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.
Andresen has been co-head of Citadel Derivatives Group and president of Citadel Execution Services since June 2004. Prior to Citadel, he was the CEO of Island ECN, and then COO of Instinet, LLC following the merger of the two ECNs. 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.
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, 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, Brennan was a director at Citadel Investment Group where his responsibilities included managing options trading floor operations and exchange relationships. Prior to that, Brennan worked at Morgan Stanley from 1986 to 2004. Brennan is a graduate of Benedictine College.
“We are truly pleased to welcome three new members to our board of directors. 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 organisation,” says Gary Katz, president and CEO, ISE.
In addition to the newly elected Board members, Frank Jones, Sarah Miller and Andreas Preuss were re-elected to serve a two-year term. Gary Katz, ISE’s president and CEO, 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).