Eurex appoints new chief

Andreas Preuss was named chief executive of the international derivatives exchange Eurex after a meeting of the supervisory board at Deutsche Börse, which has a 50% stake in the exchange along with SWX Swiss Exchange.

Preuss will take over from Rudolf Ferscha, who left Eurex at the end of last year. Ferscha’s decision to leave followed the departure of Werner Seifert, chief executive at Deutsche Börse, after a failed attempt to take over the London Stock Exchange.

According to a Eurex spokesman, Preuss will leave his current position as chief executive and board member of the London-based trading group Mako – a position he has held since 2002. Previously, he held a range of senior management positions at Deutsche Börse from 1990 to 2000, most recently as member of Eurex executive management responsible for business development, marketing and sales.

Eurex said Preuss would become a member of its executive board from April 1.