- Appointment of Oliver Behrens as CEO takes effect on October 1,
2024, for a period of three years
- Dr Benon Janos (CFO) appointed as Deputy CEO from October 1,
2024. Extension of Management Board contracts of Dr Benon Janos
(Deputy CEO & CFO) and Stephan Simmang (CTO) by four years
until May 2029
Oliver Behrens appointed as new Chief Executive Officer
(CEO)
flatexDEGIRO AG (the “Company”), one of the leading and fastest
growing online brokers in Europe, announces that the Company’s
Supervisory Board has appointed Oliver Behrens (60) as Chief
Executive Officer (CEO) of flatexDEGIRO AG, effective from October
1, 2024, for a duration of three years. Furthermore, Oliver Behrens
will also take over as CEO of flatexDEGIRO Bank AG.
Oliver Behrens brings 40 years of experience in the European
financial industry with a strong link to brokerage and an
outstanding network in international finance and politics.
From 2015 to June 2024, Oliver Behrens lately was CEO of Morgan
Stanley Europe Holding SE, Morgan Stanley Europe SE and Morgan
Stanley Bank AG, Frankfurt am Main, as well as Member of the Board
of Morgan Stanley International Limited, London. Moreover, until
2014, he also served as Member of the Board of Deka-Bank for nine
years, lately as Deputy CEO. From 1992 to 2005, he worked in
Frankfurt and Luxembourg, among others, across various functions in
the former DWS Group, DWS and Deutsche Asset Management, where he
was lately Spokesman of the Management Board of Deutsche Asset
Management Investment GmbH. Since June 2024, Oliver Behrens is
Chairman of DWS Group GmbH & Co. KGaA’s Supervisory Board.
Oliver Behrens takes over from Dr Benon Janos (52) and Stephan
Simmang (58), who, since May 1, 2024, serve as interim Co-CEOs of
the Company, in addition to their existing responsibilities as CFO
and CTO, respectively.
On his appointment as new CEO of flatexDEGIRO AG, Oliver
Behrens commented: "The European online brokerage business is
still in its early innings, holding enormous potential for growth
and value enhancement. Together with flatexDEGIRO’s strong
leadership team, I am very much looking forward to leading the
company into the next phase of its evolution, further enhancing the
investment experience for millions of clients across 16 countries
while firmly establishing flatexDEGIRO as the driving force in the
European online brokerage market.”
Martin Korbmacher, Chairman of flatexDEGIRO’s Supervisory
Board, said: “With Oliver Behrens, we have succeeded in
engaging a real heavyweight of the European financial industry for
this leading role at flatexDEGIRO. It fills us with pride and
speaks for the great potential of flatexDEGIRO that we have been
able to recruit an executive of his caliber for the vacant CEO
position. With his outstanding industry experience and his strong,
team-orientated leadership personality, Oliver Behrens is a real
gain, both operationally and organizationally, for our company
which he already knows very well from the long-standing and
cooperative business relationships with his previous employer.”
The appointment of Oliver Behrens as CEO of flatexDEGIRO AG and
flatexDEGIRO Bank AG is subject to customary approvals by the
German Federal Financial Supervisory Authority (BaFin).
Appointment of Dr Benon Janos (CFO) as Deputy CEO
Moreover, the Company’s Supervisory Board has appointed Dr Benon
Janos (CFO) as Deputy CEO of flatexDEGIRO AG, effective from
October 1, 2024. Dr Benon Janos will also fulfil this function at
flatexDEGIRO Bank AG.
Contract extension of Dr Benon Janos (Deputy CEO & CFO)
and Stephan Simmang (CTO) until mid-2029
Furthermore, the Supervisory Board of flatexDEGIRO has also
decided to extend the Management Board contracts of Dr Benon Janos
(Deputy CEO & CFO) and Stephan Simmang (CTO) until May 31,
2029. Dr Benon Janos and Stephan Simmang have held management
positions at flatexDEGIRO since 2016, serving as members of the
Company’s Management Board since 2023.
Therefore, effective from October 1, 2024, flatexDEGIRO AG’s
Management Board will consist of four members, namely Oliver
Behrens (CEO), Dr Benon Janos (Deputy CEO & CFO), Stephan
Simmang (CTO) and Christiane Strubel (CHRO).
Martin Korbmacher, Chairman of flatexDEGIRO’s Supervisory
Board, said: “On behalf of the whole Supervisory Board, I would
like to express our deepest gratitude to Dr Benon Janos and Stephan
Simmang for stepping up and taking on additional responsibilities
as Co-CEOs during the past months, ensuring a professional and
orderly transition after the departure of the former CEO. The
Supervisory Board is very much looking forward to extending the
great collaboration over the coming years and expressly thanks Dr
Benon Janos and Stephan Simmang for their leadership and integrity,
especially during this critical transition phase.”
About flatexDEGIRO AG
flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker:
FTK.GR) operates one of the leading and fastest growing online
brokerage platforms in Europe. Based on modern, in-house
state-of-the-art technology, customers of the flatex and DEGIRO
brands are offered a wide range of independent products with
execution on top TIER 1 exchanges. The technological edge, high
efficiency and strong economies of scale enable flatexDEGIRO to
continuously improve its service offering for clients and set
leading standards in terms of product, price and platform
quality.
With around 3 million customer accounts and around 60 million
securities transactions processed in 2023, flatexDEGIRO is one of
the largest retail online brokers in Europe. In times of bank
consolidation, low real interest rates and digitalization,
flatexDEGIRO is ideally positioned for further growth.
Further information can be found at
https://www.flatexdegiro.com/en.
Language: English Company: flatexDEGIRO AG Omniturm, Große
Gallusstraße 16-18 60312 Frankfurt / Main Germany Phone: +49 (0) 69
450001 0 E-mail: ir@flatexdegiro.com Internet: www.flatexdegiro.com
ISIN: DE000FTG1111 WKN: FTG111 Indices: SDAX Listed: Regulated
Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg,
Munich, Stuttgart, Tradegate Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240828514871/en/
Achim Schreck Head of IR & Corporate Communications Phone
+49 (0) 69 450001 1700 achim.schreck@flatexdegiro.com
Laura Hecker Director Investor Relations Phone +49 (0) 160 3064
404 laura.hecker@flatexdegiro.com