Marcus Zickwolff, Eurex Group’s Executive Director of Trading and Clearing System Designs, has parted ways with the group, according to a Deutsche Borse statement.
Mr. Zickwolff has served as a senior advisor and executive director at Eurex Clearing AG, abruptly deciding to leave the group at the end of last month to pursue new opportunities. In addition to relinquishing his executive position, Mr. Zickwolff has also stepped down from his myriad chairmanships, which include roles at EACH, the European Association of CCP Clearing Houses, CCP12, and the Global Association of Central Counterparties.
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Mr. Zickwolff joined Eurex Clearing back in 2007, having worked at the group for over the past eight years. Prior to this position, he held a number of senior level roles at Deutsche Borse, including its Director of Clearing, CSD, and Securities Financing, as well as Director of Trading and Clearing Design, dating back to 2003.
According to Thomas Book, Chief Executive Officer (CEO) of Eurex Clearing AG, in a recent statement on the departure, “I would like to thank Marcus Zickwolff for his long-lasting commitment to Eurex Clearing. He made a decisive contribution to the positive development and success of our business. Eurex Clearing will continue to benefit from his efforts on behalf of the firm. I very much regret his decision to leave.”
Late last month, Deutsche Börse Group reported its figures for Q3 2015, which underscored a strong performance across a number of key metrics. In particular, the group’s revenue notched an increase of 20% YoY to €594.4 million, which was fueled in large part by equity market volatility, the positive development in custody and administration of securities, and its market data business.