Chief executive Carsten Kengeter will leave the German exchange by the end of the year, after failing to reach a settlement over allegations of insider dealing involving €4.5m in shares.
Carsten Kengeter. Photo: Deutsche Börse.
Deutsche Börse's chief executive Carsten Kengeter has announced his resignation amid controversy surrounding an investigation for insider dealing.
Kengeter will leave the exchange at the end of the year. In a statement, the company said the decision was to "avoid further burdens caused by the ongoing investigation."
Kengeter is being investigated for the purchase in December 2015 of €4.5m in shares shortly before Deutsche announced plans to merge with the London Stock Exchange.
This week, courts in Germany rejected efforts to reach a settlement between Kengeter and investigators, creating uncertainty over his future.
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