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Ex-UBS Banker Kengeter to Become New Deutsche Boerse CEO

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Deutsche Boerse AG, which operates the Eurex futures market and the Frankfurt Stock Exchange, said former UBS AG executive Carsten Kengeter will replace Chief Executive Officer Reto Francioni next year.

Francioni, 59, will leave his post at the end of May, the Frankfurt-based company said in a statement today. He has served as the CEO since 2005, leading Deutsche Boerse’s unsuccessful bid to merge with NYSE Euronext in 2012 and create the world’s largest trading powerhouse.