* Martina Gruber and Berthold Kracke appointed to the Executive Board of Clearstream Banking AG * German central securities depository strengthens its client side and operating activities * TARGET2-Securities as key challenge 11. September 2012
Clearstream:The Supervisory Board of Clearstream Banking AG appointed Martina Gruber and Berthold Kracke to the Clearstream Banking AG Executive Board in September. Martina Gruber will head the German central securities depository's Sales and Relationship Management, Customer Service and Marketing areas. Berthold Kracke will be responsible for Risk Management and Compliance, Finance and Controls. Martina Gruber and Berthold Kracke are joining Clearstream Banking AG's Chief Executive Officer Stefan Lepp and Mathias Papenfuß on the board. The new board members are taking on their new duties in addition to their managerial responsibility at various company locations within the entire Clearstream organisation.
Jeffrey Tessler, CEO of the parent company Clearstream
International and Chairman of the Supervisory Board of
Clearstream Banking AG, said: "The appointment of
Martina Gruber and Berthold Kracke - both experts in German
and international banking and finance - strengthens the
Executive Board of Clearstream Banking AG. Martina Gruber
will leverage her extensive market experience in the interest
of our German and international clients. With his in-depth
knowledge of operational processes, Berthold Kracke is
predestined to take on key tasks in the area of business
continuity. One of the main challenges of the new Executive
Board will be to position the German CSD for
TARGET2-Securities, thus making a decisive contribution to
the business success of our entire
group."
Martina Gruber has over 20 years' experience
in the financial industry. She has held a number of
management positions in Deutsche Börse Group and is familiar
with the whole value chain of the company's business (new
issues, trading, clearing, settlement and custody). With a
qualification as a bank clerk and a degree in business
administration, Martina Gruber has been at Clearstream since
August 2002, where she currently heads Relationship
Management for German speaking Europe and Central and Eastern
Europe. She has also served as managing director of Deutsche
Börse Commodities GmbH since July 2007. Previously, she also
worked in the clearing area of Deutsche Börse Group for two
years. Prior to her career at the Group, she was employed at
Financial Markets Service Bank GmbH in Munich, at
ManagementTeam consultancy in Wiesbaden and at KPMG in
Frankfurt and Hamburg.
Berthold Kracke has been at Clearstream since
January 1998 and has held various management positions in the
company, primarily in operational areas. He is currently in
charge of quality measures to improve customer satisfaction,
reduce risk and increase efficiency. Berthold Kracke was also
in charge of a variety of strategic projects to position
Clearstream globally, including setting up the Clearstream
branches in Prague and Singapore. Prior to that, Berthold
Kracke worked at Deutsche Bank AG in global transaction
banking and cash management solutions for key customers.
Berthold Kracke, who holds a PhD in physics, was a lecturer
at the University of Göttingen from 1993 to
1996.
About Clearstream
As a central securities depository (CSD) headquartered in Frankfurt, Clearstream provides the post-trade infrastructure for the German securities industry, offering access to a growing number of European markets. As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream provides the post-trade infrastructure for the Eurobond market and services for securities on 52 domestic markets worldwide. The company's customer base comprises around 2,500 financial institutions from over 110 countries. Its range of services includes issuing, settlement and custody of securities as well as investment fund services and global securities financing. With assets under custody of more than 11 trillion Euros, Clearstream is one of the world's largest settlement and custody service providers for domestic and foreign securities.
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