Mr Vermaas joins as CEO of The International Stock Exchange Group Limited (TISEG) having previously held executive positions at several international exchanges, including CEO of CME Europe Ltd, CEO of Euronext Amsterdam and Head of European Cash Markets for NYSE Euronext.

Jon Moulton, Chair of TISEG, said: “I am delighted to welcome Cees to TISE. He has considerable expertise from within some of the major international exchange groups and I look forward to seeing him build on the growth we have achieved recently and drive the business onwards to greater things in the future.”

Mr Vermaas has over 20 years’ experience working within international financial market infrastructure and, prior to that, spent a decade working in IT and program management roles within leading Netherlands based companies Philips and Delta Lloyd Group.

He holds a degree in Business Administration and Industrial Engineering from The Hague University of Applied Sciences in The Netherlands. For many years he was Ambassador of the War Trauma Foundation that aims to strengthen mental health and psychosocial support in low resource communities affected by humanitarian crises.

Mr Vermaas said: “I am really pleased to be joining TISE. I have seen the development of the Exchange during the last few years and I am excited by the challenge of using my previous experience to capitalise on the opportunities to grow the business. I can’t wait to get started and embark on that journey to work with, and create value for, our stakeholders, including staff, members, issuers and shareholders.”

Mr Vermaas is relocating to Guernsey and will join the Board of TISEG as CEO and Director on 2 November 2020, subject to regulatory confirmation.

As previously announced, Mr Moulton will be succeeded as TISEG Chair from January by Charlie Geffen. Mr Geffen currently holds the position of Chair of the regulatory subsidiary, The International Stock Exchange Authority Limited (TISEA).

Mr Moulton added: “Despite the COVID-19 pandemic, we had some outstanding candidates and Cees was very much at the top of that pile. I would like to welcome Cees to TISE on behalf of the Board of Directors and my successor, Charlie Geffen, who I know is looking forward to working with him closely over the coming years. I am looking forward to seeing the Exchange grow from strength to strength under Cees’ very capable leadership.”