The Deutsche Boerse has implemented a new management structure, which it hopes will improve its focus on its customers and further increase efficiency.

The company is positioning itself along three lines: cash market, derivatives market and securities settlement and custody; and streamlining the decision-making process. The functions of the operations division will be integrated into the relevant market areas which will then be responsible for the management and further development of their systems, and for operating their markets. Market Data & Analytics, which contains the data and index business, will be reallocated to the derivatives division.

Each market area will be represented by one member of the executive board. Overall, the executive board under the leadership of CEO Reto Francioni will consist of six members, including the CFO and the executive board member responsible for IT. The position of a chief operating officer is to be eliminated. The supervisory board also approved the resignation of two members of the executive board.

Deutsche Boerse is also reorganizing its decision chains with the new management structure. In the past, decisions relevant to the market were made in a committee structure. In the future they will be made in the respective market areas where they will be implemented and under whose area of responsibility they fall. Cross-divisional, strategic and other major decisions will be made by the executive board.

This new structure will be implemented in the second quarter. The exchange hopes the new structure will increase its innovative strength overall, accelerate the market launches of new products and services and optimize efficiency and efficacy.

CEO Reto Francioni said, “In the future we will focus on our customers even more so than in the past, and with increased innovative strength and shorter decision chains create more value for customers and shareholders.”

According to Francioni, the market areas will drive product development better, faster and with a higher degree of integration than before, and will be better placed to serve client needs. “The new management structure will reinforce the group’s successful integrated business model and increase our impact,” said Francioni.