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.

Since 1853 The history of Boerse Stuttgart Learn more

Management 

Dr Matthias Voelkel

CEO

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. Matthias Voelkel

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.

Manfred Pumbo
Dr Manfred Pumbo

Michael Jaeggi

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.

Michael Jaeggi
capital markets & crypto About Boerse Stuttgart Group Learn more
Promoting Stuttgart as a financial centre  About Stuttgart Financial Learn more

Executive Committee

The Executive Committee consists of up to nine members: the chairperson of the Board of Trustees and up to eight other members of the Board of Trustees who are appointed by its members. The chairperson of the Board of Trustees chairs the Executive Committee, as provided by the articles of association.

The Executive Committee advises and supervises the Management team. The Committee reports on its activities at the ordinary General Meeting.

  Name  Position  Organization 
CHAIRPERSON DR. CHRISTIAN RICKEN MEMBER OF THE BOARD OF MANAGING DIRECTORS Landesbank Baden-Württemberg
DEPUTY CHAIRPERSON
JÜRGEN STEFFAN MEMBER OF THE EXECUTIVE BOARD WÜSTENROT & WÜRTTEMBERGISCHE AG
  Gabriele Ruf Consultant  
  ANDREAS TORNER
Managing Director Trade Republic Bank GmbH
  DR. ALENA KRETZBERG
MEMBER OF THE EXECUTIVE BOARD
Volkswagen financial services AG
  KATHARINA GEHRA
Managing Director Immutable Insight Capital Management GmbH

Board of Trustees

The Board of Trustees consists of up to 18 members, who are appointed by the General Meeting on the proposal of the incumbent members of the Board of Trustees. Its main duties are to appoint the members of the Executive Committee, to make decisions regarding the admission of new members, to approve the annual financial statements, and to determine the regular membership fees and the admission fees.

Name Position Organisation
CHAIR PERSON
DR. CHRISTIAN RICKEN MEMBER OF THE BOARD OF MANAGING DIRECTORS Landesbank Baden-Württemberg
DEPUTY
CHAIR-
PERSON
JÜRGEN STEFFAN MEMBER OF THE EXECUTIVE BOARD WÜSTENROT & WÜRTTEMBERGISCHE AG
Claus Paal PRESIDENT IHK Region Stuttgart

Thomas Fuhrmann DEPUTY MAYOR ECONOMIC AFFAIRS, FINANCE AND INVESTMENTS Landeshauptstadt Stuttgart
Dr. Roman Glaser PRESIDENT AND CHAIRPERSON Baden-Württembergischer Genossenschaftsverband e.V.
Dr. Nicole Hoffmeister-Kraut, MEMBER OF STATE PARLIAMENT MINISTER OF ECONOMIC AFFAIRS, LABOUR AND Tourism Baden-Württemberg
Reinhard Klein CEO Bausparkasse Schwäbisch Hall AG
Andreas Weerth HEAD OF CORPORATE CUSTOMERS BRANCH STUTTGART Commerzbank AG - Mittelstandsbank South Branch Stuttgart
  Andreas Torner Managing Director Trade Republic Bank GmbH
  Edith Weymayr CEO Landeskreditbank Baden-Württemberg – Förderbank
  Thomas Kusterer Member of the Board EnBW Energy Baden-Württemberg AG

General Meeting

The members of the Association meet once a year for an ordinary General Meeting, which is called by the Management team. The competencies of this meeting include the election of the members of the Board of Trustees; discharge of the Management team, Executive Committee and Board of Trustees; acceptance of the annual financial statements and business plan; and amendment of the articles of association.

LIST OF MEMBERS
Baader Bank AG
Bankhaus Bauer AG 
Bankhaus Ellwanger & Geiger AG
Bertrandt AG
Blättchen Financial Advisory GmbH
Commerzbank AG
Deutsche Bank AG
Deutsche Bundesbank Hauptverwaltung Stuttgart
Dinkelacker AG
Dr. Ing. h.c. F. Porsche AG
Dürr AG
DZ BANK AG Deutsche Zentral-Genossenschaftsbank
EnBW Energie Baden-Württemberg AG
EUWAX AG
Gleiss Lutz Hootz Hirsch PartmbB Rechtsanwälte, Steuerberater
Graf Kanitz, Schüppen & Partner Rechtsanwälte, Wirtschaftsprüfer, Steuerberater
Haver & Mailänder Rechtsanwälte Partnerschaft mbB
Hennerkes, Kirchdörfer & Lorz Rechtsanwälte, Steuerberater Partnerschaft MBB
HSBC Trinkaus & Burkhardt GmbH
Industrie- und Handelskammer Region Stuttgart
Landesbank Baden-Württemberg
Landeskreditbank Baden-Württemberg – Förderbank 
SdK Schutzgemeinschaft der Kapitalanleger e.V.
Sparkassenverband Baden-Württemberg
Südwestbank - BAWAG AG Niederlassung Deutschland
Südzucker AG
SV Sparkassenversicherung Lebensversicherung AG
Volksbank Stuttgart eG
Wirtschaftsförderung Region Stuttgart GmbH
Wüstenrot & Württembergische AG