Mr Vermaas joins as CEO of The International Stock Exchange Group Ltd having previously held executive positions at several international exchanges. These positions include CEO of CME Europe Ltd, CEO of Euronext Amsterdam and Head of European Cash Markets for NYSE Euronext.
Tiseg chairman Jon Moulton welcomed Mr Vermaas, adding: ‘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 more than 20 years’ experience working within international financial market infrastructure and, prior to that, spent a decade working in IT and programme 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.’
He 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 Ltd.