Joachim Nagel to step down from Deutsche Börse’s Supervisory Board

Maria Nikolova

Andreas Gottschling is expected to be appointed as successor in early July.

Deutsche Börse AG today announces that Joachim Nagel is set to leave its Supervisory Board on June 30, 2020.

Joachim Nagel

Mr Nagel has been a member of the committee since May 2018 and is currently Chairman of the Risk Committee. On November 1, 2020, Mr Nagel will also leave the Executive Board of KfW Group to join the Bank for International Settlements in Basel (BIS).

Andreas Gottschling is expected to be appointed as his successor on the Supervisory Board of Deutsche Börse at the beginning of July. Mr Gottschling has been a member of the Board of Directors of Credit Suisse Group in Zurich since April 2017. He serves as Chairman of the Risk Committee, and member of the Audit and the Governance & Nominations Committee.

The Supervisory Board of Deutsche Börse AG has a total of 16 members.

Speaking of changes among Deutsche Börse’s top ranks, let’s recall that, in May this year, the Group announced that Martin Jetter was elected as new Chairman of the Supervisory Board. He has been a member of the board since 24 May 2018. Mr Jetter has held a number of leading positions at IBM in Germany and abroad. He is currently Senior Vice President & Chairman IBM Europe, based in Madrid, and a member of the IBM Corporation Management Board at the top management level.

Read this next

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”

Industry News

HollyWally opens office in Portugal to bring B2B2C wallet-as-a-service platform to Europe

“We looked at a number of centers for startups throughout Europe and were attracted straight away to Lisbon. There is great Government support and enthusiasm for startups, it’s well positioned between our Asian and US offices, it’s a cost-effective city in which to base a fintech and it’s a beautiful place.”

Retail FX

Eightcap integrates Acuity’s economic calendar for trade ideas on MT4 or MT5

“By incorporating Acuity’s cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients’ trading experience and allow them to trade smarter.”

Digital Assets

Fuse Network powers Web3 economy, payments with ‘Fuse 2.0’

Web3 payments revolution startup Fuse Network announced the release of ‘Fuse 2.0.’ alongside a new roadmap, whitepaper, and fresh branding aimed at bringing crypto payments to the mainstream global economy.

Inside View

Private Equity Renaissance

Recent years have seen a resurgence in the concept of trading physical equities, with a slew of new arrivals joining the market for what is arguably one of the oldest forms of investing. But what has been the driving force behind this change in momentum?