Deutsche Börse Group has just received full regulatory approval from the Monetary Authority of Singapore (MAS) to operate Eurex Clearing Asia – the new operation will be headed by two senior appointees, according to a Deutsche Börse statement.
This new clearinghouse of Deutsche Börse Group’s will be based in Singapore, which will be run by Roland Schwinn as its newest Chief Executive Officer (CEO) and Christoph Kraus as its Chief Operating Officer (COO).
Eurex Clearing Asia has been seen as an important growth element to the group’s Asian strategy of Deutsche Börse Group. Consequently, the venue will be strategically placed to cater to investors operating during Asian trading hours. Moreover, Deutsche Börse’s approval by MAS represents a two-month bid to achieve a license, having submitted an application back in May
Mr. Schwinn has been a mainstay at Eurex since 2007, having served as its Head of Business Development for Asia, Pacific and the Middle East. Prior to Eurex, he also worked at DTB, (Deutsche Terminbörse) Eurex’s predecessor. More recently, he has been the Executive Director at Eurex Frankfurt.
Alternatively, Mr. Kraus has been an avid participant in the Eurex Asia project since early 2013, having taken over the reigns of project management in January 2014. He joined Eurex, the derivatives market of Deutsche Börse Group back in June 2006 and has worked previously as its Senior Vice President (SVP).
Earlier this month, which highlighted a figure of just $165.7 billion (€149.3 billion).
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