Deutsche Börse and Eurex announced today the appointment of a new Head of the Representative Office for Deutsche Börse/Eurex in the United Kingdom.
As of 1 July 2010, Stuart Heath (44) will succeed Hartmut Klein (57) as general manager of the representative office in London. In his new assignment, Stuart Heath will be responsible for relationship management with existing members and the acquisition of new customers as well as Deutsche Börse's and Eurex's business development in the UK.
"Since the establishment of our office in London, Hartmut Klein has been an integral part of our UK operations and significantly developed the business for our customers and Deutsche Börse and Eurex, thus I would like to thank him for his achievements and wish Hartmut all the best for his professional and personal future", said Michael Peters, member of the Eurex Executive Board. Mr. Klein will join a leading City consultancy firm in London as a senior associate.
Michael Peters added: "I am confident that Stuart will build upon this success and continue to extend our business in one of our core markets. I am looking forward to working with him to realize our international growth strategy."
Hartmut Klein has been the manager of the UK office of Deutsche Börse/Eurex since 2000. He joined Deutsche Börse AG in 1989 and has held several management positions within the company in a number of business segments, e.g. Xetra and Eurex.
Stuart Heath is currently executive director and part of the Eurex Product Development team in London. He has spent the last three years working on the introduction of new asset classes such as dividend derivatives and property index derivatives. Prior to joining Eurex in 2007, Mr. Heath worked for RBS and Daiwa, accumulating more than 18 years of experience in the financial industry. He holds a Master of Science in International Banking & Finance from Heriot Watt University.
The British market is one of the most important markets for Deutsche Börse Group: of the total number of roughly 410 Eurex members, almost 100 are located in the UK; Deutsche Börse's cash market Xetra has more than 250 members of which approximately 20 percent are based in the UK.