Paul Hilgers, Managing Director of Deutsche B\u00f6rse\u2019s Cash Market, will leave Deutsche B\u00f6rse at the end of August due to family reasons. Hilgers joined the marketplace organizer in September 2020.<\/p>\n
According to an official announcement, Eric Leupold, the current Head of Deutsche B\u00f6rse\u2019s corporate venture capital arm DB1 Ventures, will be responsible for the Cash Market from 1 September 2021. Leupold will report directly to Thomas Book, Deutsche B\u00f6rse\u2019s Executive Board member responsible for Trading & Clearing.<\/p>\n Hilgers spent nearly 12 months at Deutsche B\u00f6rse. He previously served as Managing Director at Hilgers Consulting for approximately 3 years. Hilgers worked for nearly 12 years at Optiver, the Amsterdam-based electronic market maker, as Director Market Structure and Group CEO.<\/p>\n \u201cThe decision to leave Deutsche B\u00f6rse was not an easy one for me. The Cash Market is an area with enormous potential and great opportunities, and I thank Thomas Book for the trust he has placed in me. I am certain that Eric Leupold, with his expertise and innovative drive, is the right person to best equip the Cash Market for the future,\u201d Hilgers said.<\/p>\n Leupold has been a part of Deutsche B\u00f6rse since 2009. He served the company in different positions including the Head of Issuer and Primary Market Relations, Head of Department Pre-IPO and Capital Markets, and Managing Director DB1 Ventures.<\/p>\n \u201cManaging the Cash Market, and thus our company\u2019s traditional business is a great responsibility that I take on with pleasure and a great deal of respect. I am looking forward to the dynamic team and many opportunities to contribute to Deutsche B\u00f6rse\u2019s growth and thus to our Compass 2023 strategy,\u201d Leupold commented.<\/p>\n Earlier this month, Deutsche B\u00f6rse announced that the demand for Xetra-Gold, issued by Deutsche B\u00f6rse Commodities GmbH, jumped significantly during the first half of 2021. In June 2021, Deutsche B\u00f6rse added three new crypto exchange-traded notes (ETNs) via CoinShares, one of the largest crypto asset managers in the world.<\/p>\nEric Leupold<\/h2>\n