Christian Schürlein has been appointed new managing director of Berlin-based Tradegate Exchange GmbH, the operating company of the public-law stock exchange, Tradegate Exchange. Schürlein (41) had been at Deutsche Börse since 2007, where he was responsible for coordinating post-trade activities. Prior to that, he was a financial services consultant at Accenture for ten years.

"Tradegate has a convincing offering for private investors. It has successfully expanded its position as a retail exchange in the last few years based on extended trading hours and order types that appeal to private investors. Long and secure availability of the trading offering is key, particularly in volatile market phases, in order for private investors to trade at attractive prices at any time. I will use my new role to reinforce Tradegate's position," said Schürlein.

The previous managing director of Tradegate Exchange GmbH, Jochen Thiel, is leaving the company to pursue new opportunities. "We would like to thank Jochen Thiel for his dedication over the years. He was instrumental in the transition of Tradegate Exchange to a public-law - and established - stock exchange," said Frank Gerstenschläger, shareholder representative at Deutsche Börse and Holger Timm shareholder representative at Tradegate AG.

Deutsche Börse AG acquired a 75-percent interest plus 1 share in Tradegate Exchange GmbH, the stock exchange operator, in 2010. Deutsche Börse AG also holds a 5-percent stake in Tradegate AG Wertpapierhandelsbank, one of the specialists on the Tradegate Exchange.