Press

Eurex Repo GmbH and Eurex Bonds GmbH today announced changes in the management team of both companies. The current General Manager of Eurex Bonds GmbH and Eurex Repo GmbH, Christian Klapproth, has decided to leave Deutsche Börse Group at the end of 2008.

His successor will be Laurent Ortiz, who has been working in various positions at Deutsche Börse since the beginning of 2001. At present, he is heading the representative office of Deutsche Börse in Paris. Ortiz will be appointed General Manager of Eurex Bonds and Eurex Repo with effect as of 1 January 2009, subject to approval of the relevant bodies.

Peter Reitz, member of the Eurex Executive Board, said, “Laurent Ortiz is an experienced successor who will continue the successful establishment and expansion of our financial services companies in the segments of bonds and repo trading.”

Regarding the departure of Christian Klapproth, he added, “We regret his decision to leave and would like to expressly thank him for his commitment and accomplishments. Under his management, Eurex Bonds has successfully established itself as an electronic trading platform in Europe. He also made a significant contribution to the current success of Eurex Repo.”

Christian Klapproth has been working for Deutsche Börse Group since 1995. In 2002, he took over as General Manager of Eurex Bonds GmbH, and in 2006, joined the management of Eurex Repo GmbH. As of 2009, Klapproth will be working as a freelance project manager and consultant.