Stephan Simmang, CTO, leaves flatexDEGIRO
|
EQS-News: flatexDEGIRO AG
/ Key word(s): Personnel
Stephan Simmang, CTO, leaves flatexDEGIRO
The Supervisory Board of flatexDEGIRO AG today agreed to the request of Stephan Simmang, Chief Technology Officer (CTO) of flatexDEGIRO AG, to prematurely terminate his contract by the end of 2025 at the latest, in order to pursue new challenges outside of the company. Simmang will step down from his position as a member of the Management Board of flatexDEGIRO AG at the end of the month. His responsibilities will be assumed group-wide by Jens Möbitz, Chief Operating Officer (COO). Katarzyna Rybnik, who has been Stephan Simmang's deputy since 2021, will take over the functional management of the technology division and will report directly to Möbitz. Since joining flatexDEGIRO in 2016, Simmang has been responsible for the continuous development of the in-house IT platform and the introduction of technological innovations. From May to end of September 2024, he also served as interim Co-CEO of flatexDEGIRO AG and flatexDEGIRO Bank AG. Stephan Simmang, CTO of flatexDEGIRO AG, said: “Looking back on almost 10 years at flatexDEGIRO, I am incredibly proud of what we have achieved together as a team. Based on our highly performant technological platform, we have grown from a German fintech company into one of Europe's leading online brokers, providing our 3.2 million customers with unrestricted and stable access to global capital markets even on days of peak traffic. I would like to thank my colleagues on the Management Board, the Supervisory Board, and all employees for giving me the opportunity to contribute to this success story for the best part of a decade.” Stefan Müller, Chairman of the Supervisory Board of flatexDEGIRO AG, thanked the outgoing Chief Technology Officer for his achievements: “In all phases of our corporate development, Stephan Simmang has contributed significantly to flatexDEGIRO's strong position. I very much regret his departure but fully respect his decision to pursue new challenges. With the consolidation of Operations and Technology under Jens Möbitz, we will drive forward our platform harmonization in a customer-focused manner and create a strong basis for bringing new product and service offerings to the market even faster.” Media contact: Achim Schreck Laura Hecker
flatexDEGIRO AG – Leading European investment platform for building wealth (www.flatexdegiro.com, ISIN: DE000FTG1111, Ticker: FTK.GR) Serving more than 3 million customers in 16 countries, flatexDEGIRO’s aspiration is to be the leading European investment platform for building wealth. The company holds assets under custody of some EUR 70 billion and on average processes more than 60 million securities transactions per year for its customers. Through three brokerage platforms – DEGIRO, flatex and ViTrade, flatexDEGIRO provides trading access to around 50 stock exchanges in Europe, North America and the Asia-Pacific region as well as to over-the-counter direct trading. Its customers are active and well-informed traders who trade without investment advice. With ViTrade, flatexDEGIRO also serves highly active traders. Brokerage and banking business related to securities trading are handled by flatexDEGIRO Bank AG, a subsidiary with a full banking license. flatexDEGIRO uses proprietary technology with very high availability along the entire value chain and thus sets standards in platform and service quality.
23.05.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | flatexDEGIRO AG |
| Omniturm, Große Gallusstraße 16-18 | |
| 60312 Frankfurt / Main | |
| Germany | |
| Phone: | +49 (0) 69 450001 0 |
| E-mail: | ir@flatexdegiro.com |
| Internet: | www.flatexdegiro.com |
| ISIN: | DE000FTG1111 |
| WKN: | FTG111 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2144684 |
| End of News | EQS News Service |
|
|
2144684 23.05.2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.