The Federation of European Securities Exchanges (FESE) has announced its director general, Judith Hardt, is to step down from the role.
Hardt will resign the role on 23 May and FESE has yet to confirm who will replace her.
She joined FESE in 2005 and has led the association through several high-profile issues, including the development of MiFID II, a project to improve SME financing and developing the code of conduct on clearing and settlement.
FESE said her tenure has left the organisation more focused and effective in promoting the value of regulated exchanges and improve interaction with both financial and political bodies in Brussels and beyond.
Christian Katz, president of FESE and CEO of SIX Swiss Exchange, said: “I would like to thank Judith Hardt for all her hard work and tireless dedication to the Federation and our industry over the past nine years. FESE is now more organized and focused due to Judith’s leadership.”