Alexander Höptner is parting ways with his dual position as Chairman of the management board of Boerse Stuttgart GmbH and EUWAX AG, ending a three-year tenure with Germany’s second-largest stock exchange.
Höptner originally joined Boerse Stuttgart as a member of the GmbH board in January 2017. A year later, he took up the post as CEO of Boerse Stuttgart GmbH and Euwax AG. He worked his way up through several senior roles with the firm, culminating with the current position of Chairman. His area of responsibility included primary markets, communication policy and digitisation.
In a statement, Boerse Stuttgart Group said Höptner is leaving next month to pursue new professional challenges. The search for his succession is underway as this change becomes effective December 2020.
Alexander spent the bulk of his career at Deutsche Börse AG, where he was a member of the executive committees for the Cash Market and Information Technology divisions. There, he spent 15 years being responsible for wide areas within the group. Other initiatives in his career also include founding two start-ups.
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Commenting on his departure, Michael Völter, Chairman of Boerse Stuttgart owner said: “Alexander Höptner has sharpened our strategic focus as an exchange for retail investors and made us a pioneer in the field of digital assets. Thanks to his contribution, Boerse Stuttgart Group is in an excellent position to take advantage of opportunities both in the traditional exchange business and in digital business fields. We are very sorry that Mr. Höptner has decided to leave and would like to express our heartfelt thanks to him for his outstanding work over the past years. We wish Mr. Höptner all the best for the future.”
Earlier last year, Boerse Stuttgart has gone live in full capacity with its trading venue for digital assets, the newly launched Boerse Stuttgart Digital Exchange (BSDEX). The BSDEX opened its doors as a regulatory compliant offering that allows users to trade the Bitcoin-Euro pair, with further digital assets, to follow suit soon.
blocknox GmbH, another subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of the crypto holdings on an escrow basis, free of charge for BSDEX users.