Martin Jetter becomes Chief Controller of Deutsche Börse

December 9, 2019 at 05:08 PM
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IBM Manager Martin Jetter becomes the new Chief Controller of Deutsche Börse. The Supervisory Board nominated the 60-year-old Jetter as successor to Joachim Faber. Faber had announced that he would retire after the Annual General Meeting in May 2020.

Jetter has been on the supervisory board of the stock exchange operator since 2018 and was considered a favorite for Faber succession. Investors are pleased that the stock market has chosen a technology expert, after all, IT and new technologies are of paramount importance to the Group.

Faber is also satisfied that his successor has been clarified. “Martin Jetter is an internationally experienced personage who has a deep understanding of technology and market infrastructure,” he said.

Ex-Allianz CEO Faber has been a member of the Supervisory Board of the Stock Exchange since 2009, and has been Chairman since 2012. In 2017 he came under pressure because of the collapsed merger with the London Stock Exchange and a preliminary investigation against ex-chief Carsten Kengeter. 

“I welcome the fact that the Supervisory Board has so quickly found a candidate for my succession. Martin Jetter is an internationally experienced personality with a deep understanding of technology and market infrastructure. With Deutsche Börse, he finds a company that is in excellent shape and that has all the prerequisites to continue to be successful in global competition,” explained Faber.

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