July 2010, Stuart Heath (44) will succeed Hartmut Klein (57) as general manager of the representative office in London. In his new assignment, Stuart Heath will be responsible for relationship management with existing members and the acquisition of new customers as well as Deutsche Brses and Eurexs business development in the UK.
Since the establishment of our office in London, Hartmut Klein has been an integral part of our UK operations and significantly developed the business for our customers and Deutsche Brse and Eurex, thus I would like to thank him for his achievements and wish Hartmut all the best for his professional and personal future, said Michael Peters, member of the Eurex Executive Board. Klein will join a leading City consultancy firm in London as a senior associate.
Michael Peters added: I am confident that Stuart will build upon this success and continue to extend our business in one of our core markets. I am looking forward to working with him to realize our international growth strategy.
Hartmut Klein has been the manager of the UK office of Deutsche Brse/Eurex since 2000. He joined Deutsche Brse AG in 1989 and has held several management positions within the company in a number of business segments, e.g. Xetra and Eurex.
Stuart Heath is currently executive director and part of the Eurex Product Development team in London. He has spent the last three years working on the introduction of new asset classes such as dividend derivatives and property index derivatives. Prior to joining Eurex in 2007, Mr. Heath worked for RBS and Daiwa, accumulating more than 18 years of experience in the financialindustry. He holds a Master of Science in International Banking & Finance from Heriot Watt University.
The British market is one of the most important markets for Deutsche Brse Group: of the total number of roughly 410 Eurex members, almost 100 are located in the UK; Deutsche Brses cash market Xetra has more than 250 members of which approximately 20 percent are based in the UK. Deutsche Brse: Three new Lyxor ETFs launched in the XTF segment.
Three new Lyxor ETFs launched in the XTF segment First ETF launched on the EURO STOXX 50 Dividend Points Futures Index
Three more exchange-listed index funds from the ETF offering of Lyxor International Asset Management, a subsidiary of Socit Gnrale, have been tradable on Xetra since Thursday.
ETF name: Lyxor ETF EURO STOXX 50 DividendsAsset class: equity index ETFISIN: FR0010869529Total expense ratio: 0.70 percentDistribution policy: distributingBenchmark: EURO STOXX 50 Dividend Points Futures Index
ETF name: Lyxor ETF Daily ShortDAX x2Asset class: equity index ETFISIN: FR0010869495Total expense ratio: 0.60 percentDistribution policy: distributingBenchmark: ShortDAX x2
ETF name: Lyxor ETF Daily Double Short BundAsset class: bond index ETFISIN: FR0010869578Total expense ratio: 0.20 percentDistribution policy: distributingBenchmark: SGI Daily Double Short Bund Index
Lyxor ETF EURO STOXX 50 Dividends gives investors the opportunity to participate for the first time in the performance of EURO STOXX 50 Dividend Points (DVP) Futures Index issued recently by STOXX. This index tracks the performance of a hypothetical portfolio in which an equal amount is invested in Eurex futures contracts. The futures contracts are traded on the dividend yields of the companies from the EURO STOXX 50 Index and have maturities ofone to five years.
Lyxor ETF Daily ShortDAX x2 allows investors to participate in the inverse performance of the DAX index with a double leverage factor. The DAX index is calculated by Deutsche Brse and comprises the 30 German companies with the highest turnover and market capitalization that are listed on the Frankfurt Stock Exchange (Frankfurter Wertpapierbrse – FWB).
The third Lyxor ETF now launched on Xetra offers investors the chance to participate for the first time in the performance of the Lyxor ETF Daily Double Short Bund Index. This strategy index, which was developed by Socit Gnrale, tracks the inverse performance of 10-year German government bonds with a double leverage factor.
The product offering in Deutsche Brses XTF segment currently contains a total of 674 exchange-listed ETFs, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around 14 billion, makes Xetra Europes leading trading venue for ETFs.
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