Carsten Kengeter
Carsten Kengeter | |
|---|---|
| Born | March 31, 1967 Heilbronn, West Germany |
| Occupation | Business executive |
| Years active | 1992–present |
| Known for | CEO of Deutsche Börse (2015–2018), co-CEO of UBS Investment Bank |
Carsten Kengeter (born March 31, 1967) previously held the position of CEO at Deutsche Börse, leading the company from June 1, 2015, until January 1, 2018.
Early life and education
Kengeter was born in Heilbronn, West Germany, as the sole offspring of Christel and Rainer Kengeter. He completed both his schooling and military obligations close to Neckarwestheim. His father tragically lost his life in the 1975 Interflug plane crash at Leipzig airport.
He earned a Bachelor of Arts degree in business administration from Middlesex University, holds a Diplom-Betriebswirt from Reutlingen University, and obtained a Master of Science in finance and accounting from the London School of Economics in 1992.
Kengeter is married and has three children. He also participated in the Patrouille des Glaciers competition.
Career
Kengeter's professional journey began in 1992 with credit derivatives trading at Barclays de Zoete Wedd in London. After five years, he transitioned to Goldman Sachs in Frankfurt, where he advanced to co-head the European Fixed Income, Currencies and Commodities (FICC) division. He became a partner in 2002 and subsequently moved to Hong Kong to serve as co-head for Asia (excluding Japan) securities.
In 2008, Kengeter joined UBS AG as co-head of FICC and played a key role in restructuring UBS’s subprime mortgage assets. He was appointed to the executive board and named co-CEO of UBS Investment Bank in 2009, before becoming sole chairman and CEO in 2010.
While at UBS, the firm underwent scrutiny linked to the Libor scandal. Although trader Tom Hayes claimed Kengeter was involved in meetings about Libor rate manipulation, no formal charges were made against him. Kengeter's standing was affected by the 2011 UBS rogue trader incident, which resulted in losses amounting to $2.3 billion. Consequently, he relinquished his bonus for that year and resigned from the executive board in November 2012. He managed the divestment of non-core operations until his departure in February 2013.
Following his tenure at UBS, Kengeter took on a role as visiting professor of finance at the London School of Economics.
At Deutsche Börse, Kengeter served as CEO from mid-2015 until he resigned during an insider trading investigation revealed in October 2017.
Currently, he holds various board roles internationally, including positions at China Europe International Exchange AG, b-to-v Partners AG, chairmanship of the supervisory board at Circuitous Capital LLP, directorship at FNZ Group Ltd., as well as advisory appointments with the Financial Markets Group and Systemic Risk Centre at LSE. Additionally, he is a member of the Fixed Income Currencies Commodities Markets Standards Board.