QED Conference on the Cost of Data & Consolidated Tape

MiFIDII/MiFIR review


Rebecca Christie

Visiting fellow, Bruegel

Rebecca Christie is a Visiting Fellow at Bruegel, the Brussels-based European affairs think tank.

She worked in financial journalism from 1999-2016, reporting for the Financial Times, Dow Jones/the Wall Street Journal and Bloomberg News. That time included 13 years in Washington, covering the U.S. Treasury, the Federal Reserve and U.S. bank regulators, as well as five years in Brussels as Bloomberg’s senior economics and politics correspondent. Since 2017 she has been an occasional contributor to outlets including the BBC, RTE Irish Broadcasting, the Irish Times and IMF Finance & Development magazine. She also served as expert advisor to the European Economic and Social Committee’s working group on corporate taxation.

She served as the lead author on “Safeguarding the Euro: The Inside Story of the ESM in Times of Crisis,” the official history of the European Stability Mechanism. She is a graduate of Duke University and holds a master’s degree in public policy from the LBJ School of Public Affairs at the University of Texas at Austin.


Gavin Carey

Head of Enterprise, EMEA, Refinitiv

Gavin Carey is the Head of Enterprise, EMEA at Refinitiv – responsible for innovation on topics of Cloud and AI/ML whilst setting and leading the vision, strategy and execution for Refinitiv’s market leading Enterprise propositions in the EMEA region, and for a number of sub-businesses globally.

He studied Computer Science at the University of Wales, Swansea, before moving to Cambridge to take up a software engineering position in the real-time market data industry. In the 20 years since Gavin’s career path has moved a long way from software development, but has remained firmly entwined with market data, along the way helping to shape Refinitiv’s real-time feed and historical data businesses.

Away from the office, Mr Carey enjoys pretty much anything involving the water, photographing the world, and spending time with his young family.

Alexandra Hachmeister

Managing Director Market Data and Services at Deutsche Börse Group

Alexandra Hachmeister took over responsibility for Deutsche Börse Group’s Market Data + Services business in October 2019. The department runs the Group’s Data and Regulatory Services.

From 2016 to 2019, Mrs Hachmeister led the Group Regulatory Strategy area as Chief Regulatory Officer. In this role, she drove the development, implementation and communication of the Group’s global regulatory strategy and positioning.

Alexandra Hachmeister joined Deutsche Börse Group in 1999. Since then she excelled in various positions and departments including Market Design Functionality, Systems Business Development and Boards & Committees, including managing the Group’s Corporate Office prior to becoming Head of Group Regulatory Strategy.

She is a member of the Group of Economic Advisors to the European Securities and Markets Authority (ESMA).

Alexandra Hachmeister holds a PhD degree in market microstructure from the European Business School. She is a guest-lecturer at Basel University on market structure and regulation.

Tilman Lueder

Head of unit C3 - Securities Markets, DG FISMA, European Commission

Tilman Lüder holds a doctorate in law from the University of Tübingen.

Before joining the European Commission in 1999, Mr Lueder was as an associate in Cleary Gottlieb Steen and Hamilton LLP. He worked on European and German antitrust and merger control issues.

His first job in the Commission was that of a case manager dealing with antitrust and state aid cases in the area of post and telecommunications in the Directorate General for Competition.

In 2002, he became the spokesperson to Commissioner Mario Monti, responsible for Competition, a position he successfully held until being appointed, in 2005, Head of the Copyright Unit of Directorate General for the Internal Market (DG MARKT).

He pursued his career to become Head of the Asset Management Unit (2011-2015) in DG MARKT, later the Directorate General for Financial Stability, Financial Services and the Capital Markets Union (DG FISMA).

As of September 2015, Tilman heads the Securities Markets Unit in DG FISMA.

Carsten Osterman

Head of Trading Unit, ESMA

Mr Ostermann joined ESMA in 2012, became Team Leader for Secondary Markets in 2014 and Head of the Trading Unit in 2019. He is responsible for implementing measures for MiFID II and for the practical implementation and supervisory convergence of MiFID II requirements at ESMA on the market structure side. In addition, he is responsible for supervisory convergence and implementing measures in the area of market integrity. Prior to joining ESMA, Mr Ostermann was a seconded expert at the European Commission in the securities unit. He also served as a policy officer in both, the German Ministry of Finance and Germany’s financial regulator, BaFin.

Before joining the public sector, Mr Ostermann was a consultant for PricewaterhouseCoopers in London. Mr Ostermann studied law at Marburg, Bielefeld and Glasgow. He holds a German law degree and an LL.M. in international law. He is qualified as a lawyer in Germany and as a solicitor in England and Wales.

Michael Pedroni

Executive Vice President & Managing Director of International Affairs, Managed Funds Association

Michael N. Pedroni is MFA’s Executive Vice President and Managing Director of International Affairs. Mr Pedroni leads and directs MFA’s international department, working closely with MFA Members and staff to advance the association’s legislative and regulatory priorities. Reporting directly to MFA’s President and CEO, Mr Pedroni guides MFA’s European and international strategy.

Michael Pedroni brings more than two decades of experience in financial policy, regulation, markets and central banking. Prior to joining MFA, he served under the last four Treasury Secretaries, beginning his tenure at Treasury as the first Director of the re-established Markets Room, just as the financial crisis was unfolding in the summer of 2008. After that, Mr Pedroni directed the Western Hemisphere Office before moving to Brussels for three years as the U.S. Financial Attaché and head of Treasury’s office in Europe. Most recently, he worked at the White House during the previous Administration, acting as Senior Director for Global Economics and Finance, before rejoining Treasury during the current Administration as Senior Executive Director for International Economic Analysis. Mr Pedroni has also worked at the Federal Reserve Bank of New York and as an international economist at the International Monetary Fund and the inter dealer-broker, ICAP. He graduated from Yale University and received a Master’s Degree in International Affairs from Columbia University. He was also a Fulbright Scholar in Germany and is conversational in German, Italian, and French.

Pablo Portugal

Managing Director, Advocacy, AFME

Pablo Portugal is Managing Director in AFME’s Advocacy Division. His main focus is analysis and engagement across Europe on securities markets and banking regulation, having led AFME’s advocacy work in various regulatory debates and cross-cutting projects. Pablo is responsible for AFME’s Capital Markets Union Steering Committee and is a Member of the Board of the European Capital Markets Institute.

Prior to joining AFME, he was engaged with the Institute of Chartered Accountants in England and Wales, where he worked on financial reporting, auditing and financial sector issues. His experience includes roles in European organisations and the United Nations. Born in Peru, he holds a BSc Econ (first class) from the University of Wales, Aberystwyth, and a Masters Degree (with distinction) from the London School of Economics.

Mark Spanbroek

Chairman, FIA European Principal Traders Association

FIA EPTA’s chairman Mark Spanbroek has more than 30 years’ experience in EU and US financial markets. For many years he was active as an option trader both on open outcry trading floors as well as electronic exchanges. One of the co-founders of FIA EPTA in 2011, Mark also serves as non-executive Director of Aquis Exchange PLC and as Chairman of the supervisory board of Transtrend BV. In addition, he served as Chairman of CME Europe Ltd. from 2013 to 2017. Prior to this, he served nine years as Director of GETCO Europe and was a partner at GETCO LLC. Before joining GETCO in 2002, he spent 15 years at Dutch market making firm Van der Moolen Holding NV, where he fulfilled a variety of executive roles in The Netherlands, UK and US. He began his career with Amro Bank.

Hans Wolters

Senior Policy Advisor, Strategy, Policy & International Affairs Division, AFM Netherlands

Hans Wolters is Senior Policy advisor at the Netherlands Authority for the Financial Markets (AFM) in Amsterdam in the Department of Strategy, Policy and International Affairs. He has worked for the AFM since 1993 in the areas of Policy and Supervision of Markets. He has been involved in CESR and ESMA-work in the regulation of secondary markets (related to MiFID I and II) for several years. Currently he represents the AFM in ESMA’s Secondary Markets Standing Committee (SMSC) and IOSCO’s Committee 2 on secondary markets regulation.

Before moving to the AFM, he was Senior Policy Advisor for the Office of Netherlands-Antillean and Aruban Affairs in The Hague between 1991-1993, was Editor at the Dutch economic journal ESB between 1988-1990 and worked as an Economist for the investment management company Robeco in Rotterdam from 1986-1988.

Hans Wolters studied economics and law at the Erasmus University of Rotterdam.