Handelsblatt Exclusive

Deutsche Börse's Chief Risk Officer Leaves

Börse in Frankfurt/Main
Source: Frank Rumphorst / DPA

Deutsche Börse’s chief risk officer, Marcus Thompson, has recently left the stock exchange operator, people familiar with the matter told Handelsblatt.

The financial group, headquartered near Germany’s financial capital Frankfurt, also wants to restructure its compliance department, the sources said.

CEO Carsten Kengeter has come under investigation for alleged insider trading because of a suspicious share transaction before the company announced a plan early last year to merge with the London Stock Exchange. “We have to make sure that such a thing does not happen again,” a person familiar with the matter told Handelsblatt.

Deutsche Börse, which in the end did not merge with LSE due to antitrust issues, declined to comment.

Mr. Thompson, a British national, had been chief risk officer at Deutsche Börse since October 2013, but was not part of the company’s executive board.

Executive board member Jeffrey Tessler, who is responsible for derivatives and securities clearing and settlement operations, will leave at the end of this year. The businesses he manages generate the bulk of Deutsche Börse’s earnings. Because of the importance of these activities, the responsibilities are expected to be split up among several managers, company insiders told Handelsblatt.

Deputy chief executive Andreas Preuss is expected to get his contract renewed, the people said.

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