Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, has been elected as a board member of the World Federation of Exchanges (WFE) during the 2014 annual meetings held in Seoul.

The meetings also resulted in the election of a new board chairman, vice chairman, chairman of the Working Committee, and a number of board members representing the world's different regions; the Americas, Asia-Pacific, and Europe-Middle East-Africa.

Al-Mansoori was elected by the WFE General Assembly to represent Europe-Middle East-Africa region for a three-year term.

“Winning the elections for the post of WFE Board Member is an important achievement for Qatar Stock Exchange and an indication of its prominent regional and global position,” said Al-Mansoori.

“We are happy to be part of an organization that represents markets worldwide that are fair, transparent, well regulated and that play an important role in the economies of our respective countries.”

“The WFE is a central reference point for the securities industry, and for exchanges themselves. The WFE offers members guidance on their business strategies, and on improvements and harmonization of their management practices.

“The WFE develops and promotes standards in markets, publishes research on topical subjects, supports reform, international cooperation and coordination among regulators. WFE exchanges are home to more than 45,000 listed companies and the WFE statistics database covers more than 350 indicators and 70 years of data from exchanges worldwide,” Al-Mansoori added.

Al-Mansoori also held several meetings with senior officials of a number of Arab and international stock exchanges and participated in a number of panel discussions that accompanied the meetings and addressed a number of issues of concern to exchanges and investors. – TradeArabia News Service