flatexDEGIRO Strengthens Leadership with Appointment of Oliver Behrens as CEO and Expands Executive Team

flatexDEGIRO Strengthens Leadership with Appointment of Oliver Behrens as CEO and Expands Executive Team

(IN BRIEF) flatexDEGIRO AG has appointed Oliver Behrens, a seasoned financial industry leader, as its new CEO, effective October 1, 2024. Behrens, who previously served as CEO of Morgan Stanley Europe SE, brings extensive experience in brokerage and international finance. He will lead flatexDEGIRO and its bank subsidiary, succeeding interim Co-CEOs Dr. Benon Janos and Stephan Simmang, who will continue in their roles as Deputy CEO/CFO and CTO, respectively, with extended contracts. This leadership change is aimed at driving the company’s growth and solidifying its position in the European online brokerage market.

(PRESS RELEASE) FRANKFURT AM MAIN, 29-Aug-2024 — /EuropaWire/ — flatexDEGIRO AG, a leading online brokerage firm in Europe, has announced the appointment of Oliver Behrens as Chief Executive Officer (CEO), effective October 1, 2024. This strategic appointment reflects the company’s commitment to strengthening its leadership as it continues to expand its market presence across Europe. Behrens, who brings with him four decades of experience in the European financial industry, will also take on the role of CEO at flatexDEGIRO Bank AG.

Oliver Behrens has a distinguished career, having most recently served as CEO of Morgan Stanley Europe SE, where he played a pivotal role in shaping the firm’s strategy and operations across the continent. His extensive experience in brokerage, coupled with his deep understanding of international finance and his robust network in the financial industry, positions him well to lead flatexDEGIRO into its next phase of growth. Throughout his career, Behrens has held key leadership roles at prestigious institutions, including Deka-Bank and Deutsche Asset Management, where he demonstrated a strong ability to drive business transformation and innovation.

Behrens will succeed Dr. Benon Janos, the current CFO, and Stephan Simmang, the current CTO, who have served as interim Co-CEOs since May 2024 following the departure of the previous CEO. Dr. Janos and Simmang will continue to play vital roles in the company, with Dr. Janos being appointed as Deputy CEO in addition to his CFO duties. Both executives have had their contracts extended until May 2029, ensuring stability and continuity in the company’s leadership.

Expressing his excitement about joining flatexDEGIRO, Oliver Behrens commented, “The European online brokerage industry is at a pivotal point, with enormous potential for growth and value creation. I am thrilled to join flatexDEGIRO and work alongside its talented leadership team to enhance the investment experience for millions of clients across 16 countries. Together, we will focus on further establishing flatexDEGIRO as a leading force in the European online brokerage market.”

Martin Korbmacher, Chairman of flatexDEGIRO’s Supervisory Board, praised the appointment, stating, “We are proud to have secured a leader of Oliver Behrens’ caliber to steer flatexDEGIRO into the future. His deep industry expertise, combined with his strong, team-oriented leadership style, makes him an invaluable asset to our company. We are confident that under his leadership, flatexDEGIRO will continue to thrive and achieve new heights in the European financial landscape.”

Korbmacher also extended his gratitude to Dr. Janos and Simmang for their exceptional leadership during the transition period, acknowledging their commitment to ensuring a smooth and professional handover. He emphasized that their continued presence on the Management Board will be crucial in supporting Behrens as he takes the helm.

The appointment of Oliver Behrens is subject to customary approvals by the German Federal Financial Supervisory Authority (BaFin). With Behrens at the helm, flatexDEGIRO’s Management Board will consist of four members: Oliver Behrens (CEO), Dr. Benon Janos (Deputy CEO & CFO), Stephan Simmang (CTO), and Christiane Strubel (CHRO). This strong and experienced leadership team is poised to drive flatexDEGIRO’s strategic goals and ensure its continued success in the competitive European market.

About flatexDEGIRO AG
flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest growing online brokerage platforms in Europe. Based on modern, in-house state-of-the-art technology, customers of the flatex and DEGIRO brands are offered a wide range of independent products with execution on top TIER 1 exchanges. The technological edge, high efficiency and strong economies of scale enable flatexDEGIRO to continuously improve its service offering for clients and set leading standards in terms of product, price and platform quality.

With around 3 million customer accounts and around 60 million securities transactions processed in 2023, flatexDEGIRO is one of the largest retail online brokers in Europe. In times of bank consolidation, low real interest rates and digitalization, flatexDEGIRO is ideally positioned for further growth.

Further information can be found at https://www.flatexdegiro.com/en.

Media Contacts:

Achim Schreck
Phone: +49 (0) 69 450001 1700
Head of IR & Corporate Communications
achim.schreck@flatexdegiro.com

Laura Hecker Phone
Phone: +49 (0) 160 3064 404
Director Investor Relations
laura.hecker@flatexdegiro.com

SOURCE: flatexDEGIRO