The Exchange Council of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse – FWB) has re-elected Dr Lutz R Raettig of Morgan Stanley as its chairman.

His vice chairman is once again Dr Werner Brandt of SAP AG.
 
Dr Christine Bortenlänger (Deutsches Aktieninstitut) and Prof Peter Gomber (Goethe University of Frankfurt/Main) were elected as investor representatives.
 
The council consists of 18 members elected for a period of three years. The Exchange Council is the highest controlling and supervisory body of a stock exchange. Primary duties include appointing and monitoring the exchange management as well as issuing the exchange regulations, the fee scale and the terms and conditions for exchange transactions.