FlatexDEGIRO Announces Management Board Restructure

flatexDEGIRO AG disclosed today that CEO Frank Niehage will resign from his position effective 30 April 2024. This change is due to differences in the strategic direction of the company. Following Niehage’s departure, CFO Dr. Benon Janos and CTO Stephan Simmang will serve as Co-CEOs on an interim basis while maintaining their current roles. The Supervisory Board is actively seeking a permanent replacement.

Frank Niehage’s tenure as CEO saw the company grow significantly, turning flatexDEGIRO into Europe’s largest online brokerage with a customer base expansion by twenty times, raising the assets under management from EUR 4 billion to EUR 58 billion. The outgoing CEO expressed gratitude to his team and reaffirmed his continued investment in the company as a shareholder.

flatexDEGIRO's Supervisory Board expressed appreciation for both Janos and Simmang’s readiness to assume additional responsibilities. The new leadership phase aims to capitalize on flatexDEGIRO’s potential and sustain its evolutionary growth, banking on the duo’s long-standing professional partnership and leadership expertise.