Tessler to Step Down as Clearstream CEO

Jeffrey Tessler, chief executive of Clearstream Holdings and Clearstream International, is set to step down from the role, and replaced by Marc Robert-Nicoud, Global Custodian understands.

Robert-Nicoud will assume the responsibilities of CEO alongside his current role as head of the Executive Office.

Tessler will remain as chairman of the Supervisory Board of the Clearstream group, and carry on with the sole responsibility for the overall Clearstream business within Deutsche Boerse’s group executive board.

Furthermore Philip Brown and Philippe Seyll will assume as co-heads of Clearstream Banking, in which both will also carry out the role in conjunction with their existing roles as head of Global Client Relations and head of Investment Fund Services respectively.

The reshuffle is part of a larger management change amongst Deutsche Boerse, Clearstream’s parent company, following the arrival of its new CEO, Carsten Kengeter, at the start of July.