Deutsche Börse appoints Andreas Preuss CEO of Eurex

Deutsche Börse appoints Andreas Preuss CEO of Eurex

Deutsche Börse has named Andreas Preuss as the new chief executive officer of Swiss German derivatives exchange Eurex.

The German exchange says Preuss has also been appointed to its executive board, with responsibility for trading and clearing services.

Preuss held a range of senior management positions with Deutsche Börse from 1990 to 2000, lastly as member of Eurex executive management responsible for business development, marketing and sales.

He originally left the German exchange to join Chicago-based Trading Technologies where he was president from 2000 to 2001. Most recently Preuss was chief operating officer and board member of London-based trading firm Mako Group.

Deutsche Börse says Preuss contributed greatly to the creation of Eurex's predecessor, the Deutsche Terminbörse (DTB) and also played a significant role in the creation of Eurex.

He replaces Rudolf Ferscha as Eurex CEO who stepped down in December 2005. Ferscha's departure followed that of Deutsche Börse CEO Werner Seifert, who was ousted by shareholders in May last year.

Preuss's contacts in Chicago from his previous tenure at Trading Technologies should help the new CEO as he bids to sort out the exchange's troubled US business.

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