Stephan Wolf, chief technology officer and member of the executive board at Interactive Data Managed Solutions AG has been named as the CEO of the Global Legal Entity Identifier Foundation (GLEIF) that was established in June 2014 and will oversee the development and operation of the Central Operating Unit of the Global LEI System.
The appointment was made by the directors of the foundation, which is chaired by Gerard Hartsink of CLS Bank International. Hartsink will serve as interim CEO for the foundation until Wolf takes up the role of CEO within the next couple of months. Commenting on the appointment, Hartsink says: “We had a large number of excellent candidates, but Stephan’s strong background, exceptional vision and energy impressed us and we are sure he is the right person to guide the GLEIF at this important stage.”
The advertisement for a CEO for the foundation required significant experience and skills, as well as a commitment to the foundation for three to five years. Wolf co-founded IS Innovative Software in Germany in 1989 and served as its managing director before becoming spokesman of the executive board of IS. Teledata AG, which was subsequently acquired by Interactive Data, where Wolf took the role of chief technology officer.
The GLEIF describes Wolf has having ‘a proven ability to build and manage large organisations, both globally and regionally’. Commenting on his role as CEO of the foundation, Wolf says: “Significant work has already taken place to define the vision for the Global LEI System. Defining and developing the operations of the GLEIF is the next step in making that vision a reality.”