Eurex Clearing, a subsidiary of Deutsche Boerse, introduced on Wednesday that it has chosen Dmitrij Senko its subsequent Chief Risk Officer (CRO).
“It’s nice information that Dmitrij has agreed to hitch the board,” stated Erik Müller, Chief Executive Officer (CEO) of Eurex Clearing. “Risk administration is on the core of our enterprise and is of particular significance to Eurex Clearing. Dmitrij has been with us a few years, and I’m very comfortable that we’ll profit from his experience and deep information within the years to come back.”
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Senko will take up his new position firstly of July this 12 months. He replaces Thomas Laux whose departure from the clearing agency was introduced by Eurex Exchange’s CEO, Thomas Book, in September of final 12 months.
It is unclear precisely what Laux will probably be doing with himself after he leaves Eurex Clearing, with the agency solely saying that he “is leaving [his role as CRO] to begin a brand new chapter of his life.”
“Thomas Laux is an excellent danger skilled, and I thank him for his work and dedication during the last years,” stated Book. “He has performed a serious position in making Eurex Clearing what it’s right this moment. The most outstanding instance of his achievements is our industry-leading danger engine Prisma.”
Almost a decade with Eurex Clearing
Senko will probably be conversant in a lot of the work that Laux has performed by the point he steps into his new position. For one factor, there will probably be one thing of a transition interval, with the 2 executives working alongside each other earlier than Laux leaves in July.
The incoming CRO has additionally been working in Eurex Clearing’s danger division for near a decade. He joined the corporate again in 2010 and was promoted to Head of Risk Analytics and Model Validation within the danger division in 2013. In that position, he reported on to Laux and, consequently, one would think about that he already has some understanding of what the CRO position entails.