Rainer Riess is Director General of FESE and an Independent Advisor to exchanges and financial services companies with more than 30 years of experience in the global exchange industry. He is the Vice Chair of the Securities and Markets Stakeholder Group (SMSG) which provides ESMA with opinions and advice on its policy work.
He was Senior Independent Director in the Supervisory Board of the Moscow Exchange, heading over the years the Audit, Remuneration and Nomination as well as the Strategy Committee.
He served for many years as Vice Chairman of the Board of the Frankfurt Stock Exchange and was responsible for the cash market business of Deutsche Börse AG. During his tenure at Deutsche Börse he created and managed markets, drove changes in the European corporate governance and accounting practice, financial market regulation and supervision of market player. Major initiatives include running the cash market in a competitive MiFiD environment and financial market crises, the creation of DTB Deutsche Terminbörse / Eurex, developing European primary markets (Neuer Markt, indices, corporate governance and regulation), launch of the Xetra electronic trading system and the CCP as well as the creation of the European ETF and structured products markets.
He is a Member of the Board of Trustees of the English Theatre Frankfurt and several charitable organisations. He holds a Master in Economics from Johann Wolfgang Goethe-University in Frankfurt and received an MBA from the University of Miami as a Fulbright Scholar.


The Federation of European Securities Exchanges (FESE) represents 35 exchanges in equities, bonds, derivatives and commodities through 18 Full Members from 30 countries, as well as 1 Affiliate Member and 1 Observer Member. Securities admitted to trading on our markets must comply with stringent initial and ongoing disclosure requirements and accounting and auditing standards imposed by EU laws. At the end of March 2021, FESE members had 9,112 companies listed on their markets, of which 14% are foreign companies contributing towards European integration and providing broad and liquid access to Europe’s capital markets. Many of our members also organise specialised markets that allow small and medium sized companies across Europe to access capital markets; 1,263 companies were listed in these specialised markets/segments in equity, increasing choice for investors and issuers. Through their regulated market (RM) and multilateral trading facility (MTF) operations, FESE members fully support the European Commission’s objective of creating a Capital Markets Union.

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