Index Provider Solactive Grabs Grabbe for COO

As COO, Grabbe will report to Solactive founder and CEO Steffen Scheuble (pictured)

Grabbe, who will join Solactive on Jan. 1, will be responsible for the company's IT, operations, HR and legal functions.

He joins the vendor after 12 years at Baader Bank, where he held a variety of positions, including head of derivatives trading, prior to which he held structured products trading roles at Citigroup and Deutsche Bank.

Solactive founder and chief executive Steffen Scheuble says Grabbe's 20 years of experience "will be of considerable value to Solactive, so we can pursue our grow

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