Deutsche Börse appoints Paul Hilgers as Managing Director of its cash market business

Maria Nikolova

In this position, Mr Hilgers will report directly to Thomas Book, Executive Board Member of Deutsche Börse Group.

Deutsche Börse today announces the appointment of Paul Hilgers as Managing Director of its cash market business. The appointment of Mr Hilgers is effective September 1, 2020.

Paul Hilgers

Mr Hilgers has almost 30 years of capital market experience. He started his career in the early nineties as a trader on the derivatives market. In 2003, he took over the management of the European trading business at Van der Moolen in Amsterdam. In 2005, Mr 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.

At present, Hilgers is still a member of the Supervisory Board of Euro CCP.

Mr Hilgers will report directly to Thomas Book, Executive Board Member of Deutsche Börse Group.

From July 1, 2020, Mr Book’s area of responsibility, Trading & Clearing, will encompass all of Deutsche Börse’s trading and clearing platforms. In addition to the cash market, this includes the derivatives exchange Eurex, Eurex Clearing, the FX platform 360T and the energy and commodity business of EEX Group. The cash market segment comprises, among others, the Xetra market, the Frankfurt Stock Exchange, the primary market business and the Deutsche Börse Venture Network.

Paul Hilgers commented on his new position: “I am really looking forward to my new role at Deutsche Börse, 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”.

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