World Federation of Exchanges (WFE) elects BIL MD & CEO Ambarish Datta
Mumbai, Friday, December 8th 2017: Mr. Ambarish Datta, Managing Director and CEO, BSE Institute Ltd. has been elected as the Vice-Chair of the Financial Education and Literacy Group representing the Asia Pacific at World Federation of Exchanges (WFE) Established in 1961, the WFE is the global industry association for exchanges and clearing houses. WFE represents over 200 market infrastructure providers. WFE exchanges are home to nearly 45,000 listed companies, and the market capitalization of these entities is over $67.9 trillion; furthermore, around $84.18 trillion (EOB) in trading annually passes through the infrastructures WFE members offer.
As the ViceChair of The Financial Education & Literacy Study Group (FESG), AmbarishDatta will work with the leading global exchanges of the world to advice onFinancial Education policies for Market infrastructure providers, bring globalbest practices in Financial Literacy, develop regulatory certifications andenhance skills in the industry and help make it a more safe and secureenvironment for investors. The WFE has in the course of its five and a halfdecades of existence helped its members weather some of the most far-reachingtransformations in the history of public exchanges. These dramatic changesincluded the deregulation of fixed commissions and demutualisation as exchangesresponded to competitive pressures from the global investment banks and theneed to provide better services to their customers.
As the ViceChair of The Financial Education & Literacy Study Group (FESG), Ambarishwill work with the leading global exchanges of the world to enhance skills inthe industry and help make it a more safe and secure environment for investors.Speaking on this occasion Ambarish Datta said, “It is an honour to be electedas the Vice Chairman of the FESG at WFE, and look forward to working with therepresentatives of the global exchange community. Education and Literacy playan increasingly critical role in the dynamic constantly changing world of theglobal capital markets. And I hope to bring rich experiences from India and BSEInstitute to promote sustainable development and encourage socially responsibleinvestment through our learning and education initiatives. I am trulyprivileged with this honour".