Jeffrey Tessler

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Jeffrey Tessler
Tessler 282x180.jpg
Occupation Chairman of the Supervisory Board
Employer Eurex Frankfurt and Eurex Clearing
Website www.deutsche-boerse.com

Jeffrey Tessler is a bank and clearing and exchange executive who is chairman of the supervisory board at both Eurex Frankfurt and Eurex Clearing. He was appointed to that role in June 2018, replacing Hugo Bänziger, who had held both offices since 2012.[1]

He has been a member of the executive board of Deutsche Börse AG since 2016.

Previously, he was responsible for Deutsche Boerse's clients, products and core markets division, which combines Eurex Clearing and Clearstream, both of which used to operate separately under the Deutsche Boerse umbrella.[2] The newly-formed division also coordinates group-wide product development and global sales activities.[3][4]

He assumed the role on January 1, 2016. Handlesblatt reported in August of 2017 that Tessler would leave that role at the company at the end of the year.[5]

He also served as chairman of Clearstream until July 2018.[6]

From 2004 to 2015 Tessler was the chief executive officer and president of Clearstream International S.A., owned by Deutsche Boerse AG. [7] He has also been a member of the executive board at Deutsche Boerse AG since October 6, 2004.[8] He was also a member of the boards of ISE's two options exchanges, ISE and ISE Gemini before they were sold to Nasdaq.[9]

Background

Tessler served as an executive vice president of BNY Securities Group of The Bank of New York Mellon Corporation from 2003-2004.

He joined Deutsche Boerse following a 25-year career with The Bank of New York Company Inc., where he held a number of key management positions. He was also head of the securities industry banking division at The Bank of New York from 1988 to 1998.

From 1979 to 2003 he worked for Irving Trust Company before it became the Bank of New York.[10]

From 1975-1979 he worked as a bank examiner at the Office of the Comptroller of the Currency in New York City.

Education

Tessler holds an MBA from Seton Hall University, New Jersey in 1983 and a BA in Political Science from College of New Jersey in 1975.

References

  1. Jeffrey Tessler elected as Eurex Frankfurt and Eurex Clearing Chairman. Eurex.
  2. Deutsche Boerse aligns derivatives businesses under new leadership. Traders Magazine.
  3. Deutsche Boerse Group Realignment of Executive Board Responsibilities. Deutsche Borse Group.
  4. Deutsche Boerse Reshuffles Exec Board, Creating Two New Divisions. Finance Magnates.
  5. Deutsche Boerse's Chief Risk Officer Leaves. Handlesblatt.
  6. Deutsche Boerse's new CEO unveils management revamp. Reuters.
  7. Jeffrey Tessler Biography. Clearstream International.
  8. Jeffrey Tessler, Executive Profile. Businessweek.
  9. Clearstream closes 2013 with record assets under custody. FTSE Global Markets.
  10. Jeffrey Tessler profile. Deutsche Borse.