After having spent two decades at the Trading Surveillance Office (TSO) of the Frankfurt Stock Exchange and Eurex Germany, Michael Zollweg will be leaving his position at the end of this year, at his own request, Deutsche Börse, announced this Thursday.
Zollweg is currently the Head of the TSO, having held this position for the whole 20 years, since he joined back in January of 2000. According to the statement published today, he is leaving Deutsche Börse “on the best of terms”.
However, it won’t be completely goodbye for Zollweg, as the lawyer will stay on the company’s roster as a consultant in the area of trading surveillance until the end of next year when he will then concentrate on new ventures.
As the head of the TSO, which is an independent supervisory body of the exchange in the meaning of the German Exchange Act, Zollweg was engaged in both national and international committees and working groups
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During his 20-year stint with the German company, he was a representative for the Intermarket Surveillance Group (ISG). This is an association of around 60 international trading inspectors. Whilst here, he led working groups which focused on regulatory issues, such as detecting market abuse in electronic trading.
Commenting on Zollweg’s departure, Martin Reck, Board Member of the Frankfurt Stock Exchange said: “We would like to thank Michael Zollweg for his many years of service for Deutsche Börse Group.
“As Head of the Trading Surveillance Office, he was responsible for the ongoing development and expansion of digital surveillance of electronic trading systems and pioneered the integrated supervising of the cash and derivatives market.”
Michael Zollweg’s career history
During his whole career, which started back in 1990, according to his LinkedIn profile, Zollweg also worked in legal and compliance at BZW (Barclays de Zoete Wedd). He worked here for just over two years and was based in Frankfurt.
Another notable position during his career was Compliance Director at Salomon Brothers, LLC / Citigroup. According to his LinkedIn, Zollweg worked with the company for three and a half years, commencing in mid-1996.