Paul Hilgers, Managing Director of Deutsche Börse’s Cash Market, will leave Deutsche Börse at the end of August due to family reasons. Hilgers joined the marketplace organizer in September 2020.
According to an official announcement, Eric Leupold, the current Head of Deutsche Börse’s corporate venture capital arm DB1 Ventures, will be responsible for the Cash Market from 1 September 2021. Leupold will report directly to Thomas Book, Deutsche Börse’s Executive Board member responsible for Trading & Clearing.
Hilgers spent nearly 12 months at Deutsche Börse. He previously served as Managing Director at Hilgers Consulting for approximately 3 years. Hilgers worked for nearly 12 years at Optiver, the Amsterdam-based electronic market maker, as Director Market Structure and Group CEO.
“The decision to leave Deutsche Börse was not an easy one for me. The Cash Market is an area with enormous potential and great opportunities, and I thank Thomas Book for the trust he has placed in me. I am certain that Eric Leupold, with his expertise and innovative drive, is the right person to best equip the Cash Market for the future,” Hilgers said.
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Leupold has been a part of Deutsche Börse since 2009. He served the company in different positions including the Head of Issuer and Primary Market Relations, Head of Department Pre-IPO and Capital Markets, and Managing Director DB1 Ventures.
“Managing the Cash Market, and thus our company’s traditional business is a great responsibility that I take on with pleasure and a great deal of respect. I am looking forward to the dynamic team and many opportunities to contribute to Deutsche Börse’s growth and thus to our Compass 2023 strategy,” Leupold commented.
Earlier this month, Deutsche Börse announced that the demand for Xetra-Gold, issued by Deutsche Börse Commodities GmbH, jumped significantly during the first half of 2021. In June 2021, Deutsche Börse added three new crypto exchange-traded notes (ETNs) via CoinShares, one of the largest crypto asset managers in the world.