Two New Members Join ISE’s Board of Directors
June 16 2010 - 11:00AM
Business Wire
The International Securities Exchange today announced that two
new members have been elected to its Board of Directors. Joseph
Sellitto, Chief Executive Officer of Global Execution Brokers, an
affiliate of Susquehanna International Group (SIG), and Christianna
Wood, Chairperson and member of the Board of Directors for the
International Corporate Governance Network, will join the ISE Board
effective immediately. Mr. Sellitto will serve as an industry
director representing ISE’s Electronic Access Members (EAMs) and
Ms. Wood will serve as a non-industry director.
In addition to the two new Board members, Andreas Preuss, Chief
Executive Officer of Eurex, Michael Juneman, Managing Director of
Citadel Derivatives Group LLC, and Timothy Brennan, Head of
Automated Market Making at Ronin Capital, were re-elected to the
Board. Andreas Preuss was elected to serve as ISE’s new Vice
Chairman.
Frank Jones, professor at San Jose State University, and Sarah
Miller, Executive Director and General Counsel of the ABA
Securities Association, are retiring from their roles on ISE’s
Board due to term limits. Peter Bottini, Executive Vice President
of Trading and Customer Service for optionsXpress, Inc., is also
retiring from the Board.
“Joe Sellitto and Christy Wood are highly regarded industry
professionals with vast expertise and proven track records in the
securities and investment management business. We are confident
that their contributions will strengthen ISE’s leadership going
forward,” said Gary Katz, President and Chief Executive Officer of
ISE. “We also would like to thank Frank Jones, Sally Miller, and
Pete Bottini, who are retiring from the Board. We are truly
grateful for their commitment and years of service.”
David Krell, Chairman of the ISE Board, added, “I would like to
congratulate Andreas Preuss on assuming the role of Vice Chairman
from Frank Jones. Andreas has been an integral member of the ISE
Board for the past three years, and we look forward to his
continued guidance as he takes on this leadership position on our
Board. I would also like to express my sincere gratitude to Sally
Miller, Pete Bottini and Frank Jones, who has been a member of the
ISE Board since its inception and has served as both Vice Chairman
and Chairman. Each of these dedicated individuals brought
thoughtful insights and a unique perspective to ISE’s Board, and
they will truly be missed.”
Mr. Sellitto brings more than 38 years of experience in the
securities and exchange industries. He currently serves as Chief
Executive Officer of Global Execution Brokers, an affiliate of
Susquehanna International Group, which he joined in 2006.
Previously, he was Director of Derivatives Products at E*TRADE
Securities LLC, where he led the development of the firm’s retail
options and futures business from 2003 to 2006. From 1982 to 2003,
he was Senior Vice President at Morgan Stanley DW, Inc. responsible
for managing the options trading floor execution and risk. He was a
member of the CBOE from 1974 to 2003, and has held memberships at
the CBOT, International Monetary Market division of the CME, PHLX,
and NYSE Arca exchanges. He currently serves on the SIFMA Options
Committee.
Ms. Wood has been a member of the Board of Directors for the
International Corporate Governance Network (ICGN) since July 2008,
and its Chairperson since July 2009. Prior to her roles at ICGN,
she served as Chief Executive Officer of Capital Z Asset
Management, the largest dedicated sponsor of hedge funds, from
March 2008 through July 2009. Previously, Ms. Wood was the Senior
Investment Officer for the global equity unit of the California
Public Employees' Retirement System (CalPERS), from 2002 to 2008.
Prior to CalPERS, Ms. Wood served at Colorado-based Denver
Investment Advisors from 1996 to 2002. During her tenure there, she
held several different positions, including Principal, Portfolio
Manager, Director of Value Strategies, and member of the firm’s
management committee.
Ms. Wood is a trustee of Vassar College and serves on the
investment, audit and social responsibility committees of the
Vassar College Board of Trustees. Ms. Wood holds a bachelor’s
degree in economics from Vassar College and an MBA in Finance from
New York University.
More information on ISE’s Board of directors can be found
here.
About ISE
The International Securities Exchange (ISE) operates a leading
U.S. 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 and services that foster technology innovation and
market efficiency. Through minority investments, ISE participates
in the securities lending and equities markets. ISE also licenses
its proprietary Longitude technology for trading in event-driven
derivatives markets.
ISE is a wholly owned subsidiary of Eurex, a leading global
derivatives exchange. Eurex itself is jointly operated by Deutsche
B�rse 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.
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