Joachim Faber

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Joachim Faber
Occupation Chairman of the Supervisory Board
Employer Deutsche Boerse AG
Location Frankfurt, Germany

Dr. Joachim Faber has been the chairman of the supervisory board of Deutsche Boerse AG since 2012. In April of 2019 Faber said he would step down after the annual general meeting in May 2020. Faber had indicated previously that he would not insist on serving another full three-year term after criticism that he was partly to blame for management missteps, including his handling of an insider trading case against the exchange.[1] [2]

He is an independent director of Coty Inc. and a director of Allianz France SA, as well as the chairman of the Shareholder Committee of Joh A Benckiser SARL. He is also a member of the advisory board of the European School for Management and Technology and council member of the Hong Kong-Europe Business Council.

He is considered one of the masterminds of Deutsche Boerse's failed merger attempt with the London Stock Exchange. [3]

Background

From 2000–2012 Faber was a member of the executive board of Allianz SE and the CEO of Allianz Global Investors AG.

From 1997–2000 he was a board member of Allianz Versicherungs, and from 1983-1997 he worked at Citicorp in Frankfurt and London, holding positions in trading and project finance and as head of capital markets for Europe, North America and Japan.[4]

He was appointed to the board of HSBC in March 2012.[5]

Education

He holds a law degree from Bonn University and has a doctorate from the German University of Administrative Sciences in Speyer.

References

  1. Deutsche Boerse's Chair to Step Down After 2020 AGM. Reuters.
  2. Deutsche Börse chairman to step down amid shareholder pressure. The Financial Times.
  3. Another leadership change at Deutsche Borse?. Handelsblatt.
  4. Joachim Faber. Deutsche Boerse.
  5. Joachim Faber. HSBC.