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The 2016 Tech 50: Andreas Preuss

The Deutsche Börse deputy CEO debuts at No. 28 on our annual Tech 50 ranking.

  • By Peter Vasiliev

28
Andreas Preuss
Deputy Chief Executive Officer
Deutsche Börse
PNR

When Deutsche Börse and London Stock Exchange Group signed the definitive agreement in March for what they described as an industry-defining merger of equals, they projected that technology efficiencies and organizational streamlining would produce €450 million ($500 million) in annual cost savings within three years. As a result of an executive board realignment that Deutsche Börse, senior partner in the $20 billion merger deal, announced in November and put in place on January 1, deputy CEO Andreas Preuss has ultimate responsibility for the information technology part of the process. Preuss, 60, heads the newly created IT and operations, data and new asset classes division; among the functions consolidated under him is the market data and services business, previously run by Hauke Stars. (No. 36 last year, Stars is now in charge of the cash market, pre-IPO and growth financing division, which includes the flagship Frankfurt Stock Exchange and Xetra trading platform.) Reporting to CEO Carsten Kengeter, Preuss has been on Deutsche Börse’s executive board since 2006 and has had a hand in market technology innovations since 1989, when he was working for Andersen Consulting and participated in early design work on Deutsche Terminbörse (DTB), a pioneering electronic derivatives market and predecessor of Deutsche Börse’s Eurex subsidiary. With a graduate business administration degree from the University of Hamburg, Preuss worked for DTB in new products and customer service from 1990 to ’94, then spent four years in Deutsche Börse’s benchmark products division before joining the executive boards of Eurex Frankfurt, Eurex Zurich and Eurex Clearing — entities he would later oversee as CEO. Since 2007 he had been a director of New York–based options market operator International Securities Exchange, which was sold to Nasdaq on June 30 for $1.1 billion. The Börse is honing its fintech edge: It co-led with Markit (see Lance Uggla, No. 3) a capital round for the Illuminate Financial Management Fintech Opportunities Fund in November; opened a development hub in Frankfurt in April; and launched its own strategic fund, DB1 Ventures, in June.

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


The 2016 Tech 50
1. Catherine
Bessant
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
Markit
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
Bloomberg
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
BlackRock
8. Adena Friedman
Nasdaq
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
R3CEV
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Michael Cooper
BT Radianz
37. Tyler Kim
MaplesFS
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
eVestment
43. Stephane Dubois
Xignite
44. Mazy Dar
OpenFin
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
Perseus
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does
Adyen

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