Press

The Eurex Board of Directors appointed Daniel Markus Gisler to the Executive Board of Eurex Zürich AG on Tuesday, effective retroactively from March 15, 2001. At the same time, the Supervisory Boards of Eurex Frankfurt AG and Eurex Clearing AG appointed Gisler to the Executive Boards of the respective companies. Gisler will be responsible on the Eurex Executive Board for the Clearing Division, which was headed by Otto E. Nägeli until March 20.

Gisler comes from SWX, the Swiss Exchange, the parent company of Eurex with Deutsche Börse AG. He has a degree in business administration and was most recently responsible here for implementation of the virt-x project in the clearing and settlement division.

Otto E. Nägeli was Deputy CEO of Eurex since the company was founded in September 1998. Prior to that time, he was the head of SOFFEX, Swiss Options and Futures Exchange, the Eurex predecessor in addition to DTB Deutsche Terminbörse. Nägeli left Eurex effective March 20, 2001.

Eurex CEO Rudolf Ferscha thanked Nägeli with the following words: "Otto Nägeli stands for the most successful merger of two exchanges across national borders. With the merger of DTB and SOFFEX to form Eurex, Otto Nägeli not only helped to create the first pan-European exchange. Together with his colleagues, he also made Eurex the world's largest derivatives
exchange. We wish Otto Nägeli all the best and much success for the challenging tasks of the future."