Paul Hilgers was named managing director of Deutsche Börse’s cash market, effective 1 September. At his new position, he will report directly to executive board member Thomas Book.
Book’s responsibilities in Trading & Clearing will encompass Deutsche Börse’s trading and clearing platforms from 1 July. This includes the cash market, as well as derivatives exchange Eurex, Eurex Clearing, the FX platform 360T and the energy and commodity business of EEX Group. The cash market segment includes the Xetra market, the Frankfurt Stock Exchange, the primary market business and the Deutsche Börse Venture Network.
Thomas Book commented:
Thomas Book
The cash market is the nucleus of Deutsche Börse and of special importance for the financial centre and the German economy. We want to further expand the strength in our home market and position ourselves even better internationally. With Paul Hilgers, we succeeded in hiring an internationally experienced manager as head of our cash market, who is completely aware of our customers’ needs and has a deep understanding of the European market structure.
