Reto Francioni
Reto Francioni is the former chief executive officer of Deutsche Boerse AG, a position he took over on Nov. 1, 2005. He also served as head of the management board. He retired on May 31, 2014. His contract officially ended on Oct. 31, 2016, but he turned 60 before then, which is the age of mandatory retirement for banking executives in Germany.[1] Francioni served as an interim chief financial officer of Deutsche Boerse AG from March 2007 to May 2007. He also served as chief executive officer of SWX Swiss Exchange during some of that time. He was reappointed as CFO in 2012.[2] Francioni made headlines in February 2011 when it was announced that Deutsche Boerse and NYSE Euronext were in advanced talks to merge. Francioni would have become chairman of the global behemoth.[3] However, in January 2012, European antitrust examiners recommended against the deal, which would have created the world's largest exchange.[4][5] On March 12, 2013, the board of directors of UBS announced that it would nominate Francioni for election to the Board at the Annual General Meeting of Shareholders on May 2, 2013. [6] Background[edit]Francioni worked for UBS in Zurich from 1981 to 1984 and for Credit Suisse in New York and Zurich from 1985 to 1988. He was also deputy chairman of the management at Association Tripartite Bourses (ATB) from 1988 to 1992 and was a member of the lead team for the entire EBS (Elektronische Börse Schweiz) project there. Before his first move to Deutsche Boerse, Francioni was a member of management in the corporate finance division at Hofmann-La Roche from 1992 to 1993. He worked in the securities industry before going to Deutsche Borse, where he was credited with developing the German group's much praised electronic trading platform, Xetra. He has also served as a member of supervisory board of Berliner Effektengesellschaft AG since Jan. 29, 2001. Francioni co-authored a trading textbook, Equity Markets in Action, with Robert Schwartz, a New York-based finance professor. Education[edit]Francioni holds a degree and subsequent doctorate in law from Zurich University.[7] References[edit]
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