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SIX Group unit CEO to step down at August-end due to strategic differences

Six Digital Exchange CEO Martin Halblaub will step down from his post at August-end, when his contract expires, due to strategic differences with parent company SIX Group AG, reported citing an internal memo.

Halblaub, who served in the role for only eight months, was looking to launch the digital securities trading platform as an independent company, while SIX Group wanted the exchange to operate within the SIX brand, according to the report.

Tomas Kindler, who serves as deputy head of securities and exchanges at SIX, will succeed Halblaub on an interim basis, effective Sept. 1, according to the memo. SIX's head of securities and exchanges, Thomas Zeeb, said the group has launched an "executive search" to find Halblaub's permanent replacement, with Kindler one of the candidates being evaluated.

Zeeb added that Halblaub has expressed interest in remaining at Six Digital Exchange as a senior adviser.