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Carsten Kengeter

82 bytes added, 08:40, 14 September 2017
Before joining Deutsche Boerse, Kengeter was an executive with [[UBS]] and served as its CEO from 2010 to 2013. After leaving UBS, he became a visiting professor of finance at the London School of Economics’ department of finance.
Frankfurt authorities investigated Kengeter over allegations of insider trading of 60,000 Deutsche Borse shares he purchased in 2015, but in July of 2017 said they would drop the investigation if the exchange agreed to fines totalling more than €10 million. The investigation included a raid on Kengeter's office<ref>{{cite web|url=|name=Prosecutor offers to drop Deutsche Boerse CEO insider trading probe|org=The Financial Times|date=July 19, 2017}}</ref> However, a subsequent FT story said the prosecutors "denied this is the case" and a fine was still possible<ref>{{cite web|url=|name=Deutsche Boerse probe widens to all of top management|org=Financial Times|date=August 29, 2017}}</ref><ref>{{cite web|url=|name=CEO Skating on Thin Ice|org=Handlesblatt|date=August 29, 2017}}</ref><ref>{{cite web|url=|name=City fears German raid on Carsten Kengeter's office could hit Deutsche-LSE merger|org=Telegraph|date=August 29, 2017}}</ref> In September of 2017 Deutsche Boerse agreed to pay a penalty totaling 10.5 million euros to settle the investigation into Kengeter's insider trading charges. Kengeter has denied any wrongdoing.<ref>{{cite web|url=|name=Deutsche Borse:taking stock|org=The Financial Times|date=September 14, 2017}}</ref>
German regulators conducted a assessment of the suitability management team of Deutsche Boerse as a result of the insider trading allegations against Kengeter.<ref>{{cite web|url=|name=Regulators assessing suitability of Deutsche Boerse board|org=Telegraph|date=August 29, 2017}}</ref>
== Background ==