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Deutsche Börse's Eurex to merge sales, product design functions

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Deutsche Börse's Eurex to merge sales, product design functions

Deutsche Börse AG subsidiary Eurex Frankfurt AG said it is merging its sales and product design functions for equity index and for fixed-income derivatives.

Eurex Frankfurt noted the organizational restructure will allow it to further strengthen its product and services offering, as regulators seek to move over-the-counter business onto exchanges.

Eurex Exchange Deputy CEO Michael Peters will lead the equity and index derivatives business, while Eurex Clearing AG CEO Erik Müller will be responsible for the fixed-income, funding and financing activities.

Eurex Frankfurt executive board member Mehtap Dinc is expected to leave the Deutsche Börse unit amid the organizational reshuffle, the Financial Times reported, citing a person familiar with the matter.

Dinc has led Eurex Frankfurt's product development division since 2012, according to the FT.