News

May 2007:

Press Release

ACI Elects New Global President

At the ACI Council meeting, held in the margin of the 46^th World Congress hosted by ACI Canada, the national associations elected a new president.

Manfred Wiebogen, an Austrian currently employed by Volksbank Austria was elected for a term of 3 years. Manfred is currently head of CEE Treasuries (running operations in Czech Republic, Slovakia, Hungary, Croatia, Slovenia, Bosnia, Serbia, Romania, Malta) and also in charge of sales structured products into the CEE region.

His track record in ACI is impressive - starting as Vice-Secretary/Secretary ACI Austria, being a founding member and member of the German Language Board, member of the organizing committee 4th European Congress Vienna 1997, member of ACI Euribor founding group, Marking Center ACI Diploma in the late 90's, cooperation in the reformatting of the ACI Education programme, Regional Executive for Germany, Switzerland and Austria, chairman of the International ACI Dealer Seminar in Davos 2002, treasurer of ACI on an interim basis and currently member of ACI's Committee for Professionalism.

Godfried De Vidts, outgoing president of ACI comments: Every 3 years the members of ACI elect a new president. This opens new possibilities for our association as it provides an opportunity for the change necessary to stay abreast of the events in the world’s currency markets. During the many years as member of ACI I had the opportunity to get to know Manfred very well and can assure all members that he is the right person for the job and to continue the reforms I have instigated during my presidency.

Manfred Wiebogen comments:

To meet future challenges the preceding presidency has moved ACI into the new requirements of today. The restructuring of the association took place and gives room for further modernisation. We are facing a "speed of change" in the financial markets which makes it inevitable for ACI to "revalue" its global position, e.g. daily FX volume skyrocket, turnover in complex compound structures adds enormous liquidity to the markets but also new market participants are entering the global financial world. Retrospective, I would like to thank Godfried for his tireless engagement and the visionary structuring of the association.

Headlines:	Date:

	04 10 2007