ISE Announces Three New Board Members

by International Securities Exchange 04 Jun 14:49

NEW YORK, June 4, 2009 – The International Securities Exchange (ISE) today announced that three new members have been elected to its Board of Directors. Michael Kuhn, Chief Information Officer of Deutsche Börse AG, and Michael Monaco, Senior Managing Director of Conway Del Genio Gries & Co., LLC, will join the ISE Board as non-industry directors. J. Slade Winchester, Head of U.S. and international business development, technology and operations for the Citigroup Derivatives Markets, Inc. options market makers, will join the Board as a representative of ISE’s Competitive Market Makers (CMMs).

“Michael Kuhn, Michael Monaco and Slade Winchester are well-respected business leaders with a wealth of knowledge and diverse experience,” said Gary Katz, ISE’s President and Chief Executive Officer. “We are excited to welcome them to our Board of Directors and look forward to the insight and guidance that they will bring to our organization.”
“We would also like to express our sincere appreciation to Barbara B. Diamond and Richard Schmalensee who were not up for re-election to the Board this year due to term limits,” added Katz. “Both Barbara and Richard served on ISE’s Board as non-industry directors since ISE launched trading in 2000, and we would like to thank them for their dedication and invaluable leadership.”

Mr. Kuhn joined Deutsche Terminbörse in 1989 and has held various IT management positions within Deutsche Börse AG. He is currently responsible for Information Technology. Mr. Kuhn is also the Chief Executive Officer of Deutsche Börse Systems AG, a member of the Executive Board of Clearstream Holding AG, a member of the Board of Directors of Eurex Zürich AG, a member of the Supervisory Board of Eurex Frankfurt AG and a member of the Supervisory Board of Eurex Clearing AG. He has a degree in chemistry from the University of Frankfurt and a Ph.D. in chemical engineering from the University of Dortmund.

Mr. Monaco joined Conway Del Genio Gries & Co., LLC, or CDG, an independent financial advisory firm, in 2002. Prior to joining CDG, he was the Chairman and Chief Executive Officer of Accelerator, LLC, since 2000. Mr. Monaco currently serves on the board of ID Systems, Inc., as Chairman of the Audit Committee. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. Mr. Monaco holds a M.B.A. from Fairleigh Dickinson University and a B.S. in Accounting from Villanova University.

Mr. Winchester joined Citigroup Derivatives Markets, Inc. in 2004. From 2005 to 2007, he was the Head of Single Stock Trading and from 2004 to 2005 he was the Head of CBOE DPM Trading Operations at Citigroup. He held the same position at Knight Financial Products from 2000 to 2004, at which time it was acquired by Citigroup.

In addition to the newly elected Board members, Joseph Stefanelli and Kenneth Vecchione were re-elected to serve two-year terms as non-industry directors. Gary Katz, ISE’s President and Chief Executive Officer, was re-elected to serve a one-year term. Sean Flynn, from Timber Hill, was re-elected for a two-year term as a representative of ISE’s Primary Market Makers (PMMs). Mark Dehnert, from Goldman Sachs & Co., 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 (ISE) operates the world’s largest equity options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces that foster technology innovation and market efficiency. Through its two minority investments, ISE participates in the securities lending and equities markets.

ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com.

CONTACT:

Media:

Molly H. McGregor
International Securities Exchange
212-897-0275
mmcgregor@ise.com