The Supervisory Board of Deutsche Brse AG has appointed Jeffrey Tessler to its Executive Board as of October 6. Tessler will be responsible for the Banking and Custody Area within Customers/Markets. Next, on December 10, he will also become Chief Executive Officer of Clearstream International S.A.
Tessler, 50, joins Deutsche Brse Group following a 25-year career with The Bank of New York Company, Inc., where he held a number of key management positions. Most recently, he served as Executive Vice President of BNY Securities Group, the company’s global agency brokerage, clearing and financial services outsourcing business. He served as General Manager of The Bank of New York in Europe from 1998 to 2003, a period in which the company achieved a leadership position in providing securities services to European clients and expanded its European staff from 1,000 to 4,000 employees. Tessler also served as Head of The Bank of New York’s Securities Industry Banking Division from 1988 to 1998. Tessler began his career in 1979 at the Irving Trust Company, which merged with The Bank of New York in 1988. His experience includes roles as money market trader and dealer in U.S. government bonds. He holds an MBA from Seton Hall University, New Jersey.
The current CEO of Clearstream International, Andr Roelants, will become the company’s Chairman as of December 10. In an expanded role, he will focus on client development, strategic marketing, and financial industry relationships and developments. Robert Douglass, who has served as Chairman of Clearstream International and its predecessor company, Cedel International, since May 1994 will become Chairman Emeritus and Senior Advisor to Clearstream International.