Deutsche Börse AG recently appointed Stephan Leithner, currently a member of the Executive Board, to become the new Chief Executive Officer, commencing October 1, 2024.

According to the press release, Leithner will initially serve as the Co-CEO alongside Theodor Weimer until the end of the year. He has a wealth of experience in financial markets and executive leadership.

Weimer mentioned: "This decision by the Supervisory Board makes me happy for Stephan Leithner and Deutsche Börse. Over the past few years, we have unanimously set the strategic course for Deutsche Börse and laid the foundations for future success. I am confident that Deutsche Börse will continue to develop successfully under Stephan Leithner's leadership."

Deutsche Börse Taps Industry Veteran

Since 2018, Leithner has been overseeing pre and post-trading operations at Deutsche Börse AG 2018. His responsibilities encompass the firm's key segments, such as investment management solutions and post-trading services.

Before joining Deutsche Börse, Leithner's professional journey included notable roles at EQT and Deutsche Bank AG where he specialized in capital markets and corporate strategy. His academic background includes a PhD from the University of St. Gallen.

Subsequently, Theodor Weimer is preparing to step down from his role as the CEO. Under Weimer's leadership, the company emerged from a period of uncertainty, achieving notable growth in net revenue and EBITDA while restoring public trust in the institution.

Recently, Deutsche Boerse disclosed its focus on mergers and acquisitions. Leithner is expected to help the firm through this period of growth and change.

Martin Jetter, the Chairman of the Supervisory Board of Deutsche Börse AG, mentioned: "Stephan Leithner is a proven and recognized expert in the capital markets to be the CEO. He knows the global exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term landscape and understands the needs of our clients."

New CEO amid Expansion of Services

Recently, Deutsche Börse ventured into the crypto asset space with the launch of the Deutsche Börse Digital Exchange (DBDX). This offering allows institutional investors access to a regulated platform designed to meet their evolving needs in the digital asset space.

The platform offers a suite of services encompassing trading, settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term, and custody, all under a stringent regulatory oversight. DBDX is backed by licenses obtained from Germany's financial regulator, BaFin.