Deutsche Boerse to gain new head of cash markets
17 June 2020 Frankfurt
Image: Sergey Nivens/Shutterstock.com
Deutsche Boerse is set to gain Paul Hilgers, currently a member of the supervisory board of Dutch central counterparty EuroCCP, as managing director of its cash market business as of 1 September.
The German exchange’s cash market segment comprises, among others, the Xetra market, the Frankfurt Stock Exchange, the primary market business and the Deutsche Boerse Venture Network.
Hilgers has almost 30 years of capital market experience, having started his career in the early 1990s as a trader in the derivatives market.
In 2003, he took over the management of the European trading business at Van der Moolen in Amsterdam.
In 2005, Hilgers became commercial director for Fortis Clearing Asia Pacific in Sydney.
Two years later he joined Amsterdam-based Market Maker Optiver as director of market structure Asia Pacific, where he was promoted to CEO Asia Pacific in 2010.
He was CEO of Optiver from 2014 to 2017 before moving to his current position at EuroCCP.
Of his impending new role, Hilgers says: “I am really looking forward to my new role at Deutsche Boerse, which I have known for years from a customer perspective. The cash market is a versatile business area with a significance and appeal far beyond the trading business.”
He will be reporting directly to Thomas Book, executive board member of Deutsche Boerse Group.
Book is also due to see his remit expand, as of 1 July, to become responsible for trading and clearing, encompassing all of Deutsche Boerse’s trading and clearing platforms, including Eurex and Eurex Clearing.
“The cash market is the nucleus of Deutsche Boerse and of special importance for the financial centre and the German economy,” Book explains. “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.”
“By bundling all asset classes, our customers will also benefit from further synergies on our trading and clearing platforms. Together, we will focus even more on finding innovative answers to the structural changes in the markets,” Book continues.
The German exchange’s cash market segment comprises, among others, the Xetra market, the Frankfurt Stock Exchange, the primary market business and the Deutsche Boerse Venture Network.
Hilgers has almost 30 years of capital market experience, having started his career in the early 1990s as a trader in the derivatives market.
In 2003, he took over the management of the European trading business at Van der Moolen in Amsterdam.
In 2005, Hilgers became commercial director for Fortis Clearing Asia Pacific in Sydney.
Two years later he joined Amsterdam-based Market Maker Optiver as director of market structure Asia Pacific, where he was promoted to CEO Asia Pacific in 2010.
He was CEO of Optiver from 2014 to 2017 before moving to his current position at EuroCCP.
Of his impending new role, Hilgers says: “I am really looking forward to my new role at Deutsche Boerse, which I have known for years from a customer perspective. The cash market is a versatile business area with a significance and appeal far beyond the trading business.”
He will be reporting directly to Thomas Book, executive board member of Deutsche Boerse Group.
Book is also due to see his remit expand, as of 1 July, to become responsible for trading and clearing, encompassing all of Deutsche Boerse’s trading and clearing platforms, including Eurex and Eurex Clearing.
“The cash market is the nucleus of Deutsche Boerse and of special importance for the financial centre and the German economy,” Book explains. “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.”
“By bundling all asset classes, our customers will also benefit from further synergies on our trading and clearing platforms. Together, we will focus even more on finding innovative answers to the structural changes in the markets,” Book continues.
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