Eurex Clearing, a subsidiary of Deutsche Boerse, announced on Wednesday that it has chosen Dmitrij Senko its next Chief Risk Officer (CRO).
“It’s great news that Dmitrij has agreed to join the board,” said Erik Müller, Chief Executive Officer (CEO) of Eurex Clearing. “Risk management is at the core of our business and is of special importance to Eurex Clearing. Dmitrij has been with us many years, and I am very happy that we will benefit from his expertise and deep knowledge in the years to come.”
Senko will take up his new role at the start of July this year. He replaces Thomas Laux whose departure from the clearing firm was announced by Eurex Exchange’s CEO, Thomas Book, in September of last year.
It is unclear exactly what Laux will be doing with himself after he leaves Eurex Clearing, with the firm only saying that he “is leaving [his role as CRO] to start a new chapter of his life.”
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“Thomas Laux is an outstanding risk expert, and I thank him for his work and commitment over the last years,” said Book. “He has played a major role in making Eurex Clearing what it is today. The most prominent example of his achievements is our industry-leading risk engine Prisma.”
Almost a decade with Eurex Clearing
Senko will be familiar with most of the work that Laux has done by the time he steps into his new role. For one thing, there will be something of a transition period, with the two executives working alongside one another before Laux leaves in July.
The incoming CRO has also been working in Eurex Clearing’s risk department for close to a decade. He joined the company back in 2010 and was promoted to Head of Risk Analytics and Model Validation in the risk department in 2013. In that role, he reported directly to Laux and, as a result, one would imagine that he already has some understanding of what the CRO role entails.