Deutsche Börse Announces Reorg of Market Data, Services

MD+S will be divided into four different service lines: regulatory services, data services, index services and infrastructure services. All four lines will be supported by the newly created Content Lab, which will serve as a place for the development of innovative content and intellectual property.

The restructuring of MD+S falls in line with Deutsche Börse's goals from its "Accelerate" growth strategy, which was announced in July 2015 and looks to have net revenue increases of 5 and 10 percent annually. Holger Wohlenberg, a managing director at the firm, will remain the leader of MD+S.

New Departments

Regulatory services, which include reporting solutions for clients looking to meet current or future compliance obligations, will be headed by Georg Gross, who helped grow the firm's market data business.

Data services, previously known as information services, will be made up of Deutsche Börse's data dissemination business and look to expand data sets and create new analytics. Hartmut Graf, who has led the firm's index business since 2004 and served as the CEO of Stoxx since 2010, will lead the division. Graf will also serve as deputy head of MD+S.

The Stoxx and DAX indices will now fall under index services. Matteo Andreetto, who previously served as global head of sales at Stoxx, has been named the head of index services and CEO of Stoxx.

Infrastructure services will bring together the tools and market solutions lines, and include licensing, hosting and maintenance of Deutsche Börse applications and infrastructure elements to external clients. Willy Suter, previously in charge of market solutions at Deutsche Börse, will lead this group ad interim.

Finally, the Content Lab will be headed by Konrad Sippel, who last served for product and market development at Stoxx.