Carsten Kengeter

From MarketsWiki
Revision as of 06:11, 29 August 2017 by JohnJLothian (Talk | contribs)

Jump to: navigation, search

Carsten Kengeter
Carsten Kengeter 282x180.jpg
Occupation Chief Executive Officer
Employer Deutsche Boerse AG
Location Frankfurt, Germany

Carsten Kengeter is an exchange executive with years of experience in capital markets and investment banking, who is the CEO of Deutsche Boerse AG. He started in that role in June 2015, succeeding Reto Francioni, who had served as CEO since November 2005.[1] Kengeter also serves on the firm's executive board.

Before joining Deutsche Boerse, Kengeter was an executive with UBS and served as 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.[2] However, a subsequent FT story said the prosecutors "denied this is the case" and a fine was still possible[3][4]


Kengeter arrival at Deutsche Boerse saw the exchange group aggressively pursue deals, with €1.4bn spent on deals with weeks in 2015. This was more than the company had spent in the last eight years and was before a proposed deal to merge with the London Stock Exchange Group.

The Deutsche Boerse deal to merge with the London Stock Exchange ultimately was unraveled by anti-trust concerns.[5]

Kengeter was co-head of Goldman Sachs Group's Asian securities business outside of Japan before he joined UBS in early 2009 as global co-head of fixed-income, currencies and commodities. He and Alexander Wilmot-Sitwell were named co-heads of UBS in April 2009, and in September 2010 Kengeter became the sole CEO when Wilmot-Sitwell moved to oversee business in Asia. In July 2012, UBS hired Andrea Orcel to co-head the unit with Kengeter, and Orcel took over as the sole head of the business later that year.

Kengeter spent three years as CEO of UBS before being reassigned to run the bank's non-core division. After leaving the company he continued to provide advice to UBS on winding down its non-core portfolio.[6]


Kengeter holds a bachelor of arts degree in business administration from Middlesex University, a graduate degree in Business Administration (Diplom-Betriebswirt (FH)) from the University of Reutlingen and a master of science in finance and accounting from the London School of Economics and Political Science.[7]


  1. Ex-UBS Banker Kengeter to Become New Deutsche Boerse CEO. Bloomberg.
  2. Prosecutor offers to drop Deutsche Börse CEO insider trading probe. The Financial Times.
  3. Deutsche Börse probe widens to all of top management. Financial Times.
  4. CEO Skating on Thin Ice. Handlesblatt.
  5. Deutsche Börse's Chief Risk Officer Leaves. Handelsblatt.
  6. A Top UBS Executive Is to Depart. The New York Times.
  7. Carsten Kengeter. BDeutsche Boerse Group.