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ACI Appoints New Managing Director

Mr Jean-Pierre Ravisé has been appointed as ACI's new Managing Director, based in ACI's Paris Head Office, and will replace Mr William A. Hahn, who is retiring on December 31st 2005.

Mr Ravisé, an honorary member of the Association, has a long and distinguished involvement with ACI, being a member of ACI France for more than 30 years and taking the role of Secretary of Forex Club France from 1980 to 1984, Chairman of Forex Club France from 1984 to 1987, Chairman of AFTB from 1994 to 1997 and ACI 's Treasurer from 1987 to 1994. He was also a member of the Euribor-ACI Committee from 1996 to 2002.

In his professional life he built up an impressive career starting at Credit Industriel et Commercial from where he moved to Credit du Nord in Paris, where he was Executive Vice President and member of the Executive Committee - Member of the Management Committee.

In recent years he was also Chairman of the French Investment Committee of the Financial Service Compensation Scheme, an Independent Non-Executive Director and member of the Board-Audit Committee of LCH Clearnet SA and a Member of the Board as well as Chairman of the Committee for the Regional Chapter of the French Institute of Directors.