Presse Energies / Financière
Energy Writers/Financial Editors
NEW YORK--(BUSINESS WIRE)--June 22, 2005--NYMEX Europe Limited a annoncé aujourd'hui la nomination d'Alan Whiting comme administrateur externe indépendant de son Conseil. Mr. Whiting est Président et administrateur délégué de Merlan Financial, la société qu'il a fondée en 2004 qui offre des services de conseils en réglementation dans le domaine financier. Il assume également la charge d'administrateur externe pour le compte de The Mortgage Code Compliance Board, The Banking Code Standards Board et The Gibraltar Financial Services Commission.
NYMEX Europe Appoints Public Director
Energy Writers/Financial Editors
NEW YORK--(BUSINESS WIRE)--June 22, 2005--NYMEX Europe Limited announced today that it has appointed Alan Whiting as an independent non-executive director of the board
Mr. Whiting is chairman and managing director of Merlan Financial, a company he founded in 2004 that provides financial regulatory advisory services.
He also has a number of non-executive directorships, including The Mortgage Code Compliance Board, The Banking Code Standards Board, and The Gibraltar Financial Services Commission
From 1997 to 2004, Mr. Whiting served as executive director of regulation and compliance at the London Metal Exchange (LME), where he established a well-respected regulatory department.
In addition, he played an active role in the international regulation of commodity markets and commodity derivatives business, particularly the European Union's Investment Services, Markets in Financial Instruments, and Market Abuse Directives
Prior to the LME, Mr. Whiting served as under secretary and director of financial regulation at HM Treasury and held a number of under secretary posts at the UK Department of Trade and Industry, including chief economic advisor
At HM Treasury, he was responsible for the structure, legislation, and oversight of banking, mutuals, and financial services regulation, including the formation of the Financial Services Authority
On the international regulatory front, Mr. Whiting played an active role in developing international standards and cooperation.
He was a member of the International Organisation of Securities Commissions (IOSCO) Technical Committee, the UK's representative for the G7 work on financial regulation, and a member of the European Union's Banking Advisory and the High Level Securities Regulators Committees
Samuel Gaer, chief executive officer of NYMEX Europe, said, "We are pleased to have Alan on board as our first independent non-executive director.
His knowledge of the financial markets and regulatory processes will be a tremendous benefit to the Exchange as it grows in Europe." Forward Looking and Cautionary Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events.
Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results
Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements.
In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets.
We assume no obligation to update or supplement our forward-looking statements.
NYMEX Europe Limited's establishment of an open outcry exchange in London is subject to it first obtaining an order from the Financial Services Authority declaring it a UK Recognised Investment Exchange
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