Michael Zollweg to Leave Deutsche Börse After Two Decades

After having spent two decades at the Trading Surveillance Office (TSO) of the Frankfurt Stock Exchange and Eurex Germany, Michael Zollweg will be leaving his position at the end of this year, at his own request, Deutsche Börse, announced this Thursday.

Zollweg is currently the Head of the TSO, having held this position for the whole 20 years since he joined back in January of 2000. According to the statement published today, he is leaving Deutsche Börse “on the best of terms.”

Zollweg will stay on the company’s roster as a consultant in the area of trading surveillance until the end of next year when he will then concentrate on new ventures.

As the head of the TSO Zollweg was engaged in both national and international committees and working groups

During his 20-year stint with the German company, he was a representative for the Intermarket Surveillance Group (ISG), an association of around 60 international trading inspectors. While here, he led working groups which focused on regulatory issues, such as detecting market abuse in electronic trading.

Commenting on Zollweg’s departure, Martin Reck, Board Member of the Frankfurt Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, said: “We would like to thank Michael Zollweg for his many years of service for Deutsche Börse Group."

“As Head of the Trading Surveillance Office, he was responsible for the ongoing development and expansion of digital surveillance of electronic trading systems and pioneered the integrated supervising of the cash and derivatives market.”

Michael Zollweg’s career history

During his whole career, which started back in 1990, according to his LinkedIn profile, Zollweg also worked in legal and compliance at BZW (Barclays de Zoete Wedd). He worked here for just over two years and was based in Frankfurt.

Another notable position during his career was Compliance Director at Salomon Brothers, LLC / Citigroup. According to his LinkedIn, Zollweg worked with the company for three and a half years, commencing in mid-1996.