Deutsche Borse CEO Kengeter to resign over insider trading
26 Oct 2017

Deutsche Welle

Executives attending an extraordinary meeting of Deutsche Börse’s supervisory board on Thursday announced Chief Executive Officer Carsten Kengeter would step down at the end of the year.

The company had long been trying to put an end to allegations of insider trading over share purchases by the CEO.

Kengeter, who had denied any wrongdoing and said he was cooperating with investigators, made share purchases shortly before formal merger talks with the London Stock Exchange were announced and triggered a sharp rise in Deutsche Börse’s stock value.

The company announced in September it had agreed to pay $12.5 million (10.6 million euros) in fines to put paid to the matter.

Advance your CPD minutes for this content, by signing up and using the CPD Wallet

FREE CPD Wallet

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.