About Vereinigung Baden-Württembergische Wertpapierbörse
As the sole shareholder, Vereinigung Baden-Württembergische Wertpapierbörse e.V. ensures that Boerse Stuttgart Groups strategy and organisation enable it to compete successfully.
Vereinigung Baden-Württembergische Wertpapierbörse e.V. is the umbrella organisation of Boerse Stuttgart Group. Its remit according to the articles of association is to operate exchanges – especially Baden-Württembergische Wertpapierbörse – and over-the-counter trading systems, either directly or indirectly. Another of its tasks is to promote the Stuttgart region and the German federal state of Baden-Wuerttemberg as a financial services centre for the benefit of its citizens and its economy.
While the organisation uses subsidiaries to provide exchange-based trading and over-the-counter trading, it performs the task of promoting the financial centre itself and offers a comprehensive platform under the Stuttgart Financial brand. It receives support in this regard from the Baden-Wuerttemberg Finance Ministry and the Foundation for Credit Services (Stiftung Kreditwirtschaft) at the University of Hohenheim. Stuttgart Financial is expanding the network structures of the financial centre, acting in the common interest of the local financial market players. Its activities are focused on location marketing, research and education, recruitment, and providing support for young companies seeking venture capital financing.
Vereinigung Baden-Württembergische Wertpapierbörse e.V. has 30 members, including credit institutions, issuers, providers of financial services, law firms and organisations generally interested in the advancement of the financial centre. Its bodies are the Management, the Board of Trustees, the Executive Committee and the General Meeting.
Dr Matthias Voelkel
Dr. Matthias Voelkel (born 1975) has been CEO of Boerse Stuttgart Group since January 1, 2022. He is also Chairman of the Management Board of Boerse Stuttgart Digital Holding GmbH and Boerse Stuttgart Digital Ventures GmbH.
Prior to this, Dr Matthias Voelkel joined McKinsey in 2006, was elected partner in 2013 and became leader of the global Capital Markets Infrastructure and Exchanges Practice in 2014. Before joining McKinsey, he was an advisor to the Chairwoman of the European Parliament's Committee for Budgetary Control from 2002 to 2004.
Dr Matthias Voelkel holds a PhD in law and studied at the University of Freiburg, the University of Oxford and the University of Heidelberg. He completed his legal clerkship at the law firm Freshfields Bruckhaus Deringer and the German Embassy in the USA, among others.
Dr Manfred Pumbo
Dr. Manfred Pumbo (born 1966) has been Chief Financial Officer and Chief Risk Officer of Boerse Stuttgart Group since July 1, 2021. He is also part of the management board of Boerse Stuttgart GmbH and the management board of EUWAX AG.
Dr Manfred Pumbo had already been working for Württembergische Versicherung AG since 1995, where he was most recently responsible for controlling and risk management as a general representative. Prior to that, he headed the financial controlling department of the Württembergische insurance companies from 2000 to 2008. At the same time, he headed the Group Controlling and Group Cost Controlling departments at Wüstenrot & Württembergische AG on a temporary basis.
From 2010 to 2020, Dr Manfred Pumbo was a member of the supervisory boards of Boerse Stuttgart GmbH and EUWAX AG.
Dr Manfred Pumbo holds a degree in business administration and completed his doctorate at the Chair of Business Taxation and Auditing at the University of Tübingen.
Michael Jaeggi (born in 1960) is Chief Information Officer (CIO) and part of the Management Board of Boerse Stuttgart Group as of 1 September. In parallel, Jaeggi is Managing Director of the Group’s subsidiary Boerse Stuttgart GmbH.
Michael Jaeggi joined Boerse Stuttgart Group in 2013 and has held various management positions with the Group. In 2015, he was responsible for the implementation of the Xitaro exchange system, which ensured the Group’s independence and long-term competitivity. In 2017, he was appointed Managing Director of Boerse Stuttgart cats GmbH and Boerse Stuttgart Securities GmbH, the issuer of EUWAX Gold. He was in charge of the introduction of the IT infrastructure of BX Swiss in 2019. Michael Jaeggi has served as Managing Director of Boerse Stuttgart GmbH and Member of the Management Board of EUWAX AG since July 2021.
Before his work with Boerse Stuttgart Group, Michael Jaeggi held various C-level positions at Luxembourg-based Clearstream International S.A. From 2008 to 2009 he was Chairman of the Board of Directors of Deutsche Börse Commodities GmbH. Prior to these roles, Michael Jaeggi was Head of Clearing & Settlement at Virt-x Plc with headquarters in London, and he chaired the Clearing working group of Eurex at its inception. From 1986 to 2001 he managed strategic projects of Vontobel Group in Zurich, Switzerland and Salzburg, Austria.