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CEO of Deutsche Börse Carsten Kengeter Resigns Amid Insider Trading Probe

CEO of Deutsche Börse Carsten Kengeter Resigns Amid Insider Trading Probe

Carsten Kengeter, CEO of Deutsche Börse (Germany’s stock exchange) has resigned amid an investigation into potential insider trading.  CEO Carsten Kengeter and Deutsche Börse are already under investigation since early 2017 for insider trading.

“CEO of Deutsche Boerse, Carsten Kengeter resigns amid insider trading probe”

He will stay on till the end of 2018, and help with the transition to a new CEO.  The company also said that the resignation comes as company lowers expectations for profits.

Source: Reuters, Bloomberg, CNN Money

 

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About Deutsche Börse

Deutsche Börse Group is one of the largest exchange organisations worldwide. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital – markets on which professional traders buy and sell equities, derivatives and other financial instruments according to clear rules and under strict supervision. Deutsche Börse Group, with its services and systems, ensures the functioning of these markets and a level playing field for all participants – worldwide.

Deutsche Börse has an integrated business model. Its product and service portfolio has a broader basis than other exchange organisations as it covers the entire process chain, from the monitored execution of trading orders, clearing, netting and transaction settlement through to post-trade custody of securities as well as the necessary electronic infrastructure and the provision of market information. Deutsche Börse sets standards with its superior risk management and its innovative collateral management to enable customers to effectively use their capital.

Deutsche Börse’s head office is in the financial centre Frankfurt/Rhein-Main. With 5,176 employees (as at 31/12/2016) it is also globally present: in Luxembourg, Prague, London, Zurich and Moscow, in New York and Chicago, in Hong Kong, Singapore, Beijing and Tokyo – and more locations for its customers worldwide.

Visit: Deutsche Börse


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