The new European trading giant planned by Deutsche Börse and the London Stock Exchange will be based in London but headed by the German group’s chief executive, according to people close to both sides.
The exchanges are set to proceed with plans to make London the domicile for the new holding group, despite the June 23 referendum on British membership of the EU, in a boost to the City’s role as Europe’s dominant financial centre.
Carsten Kengeter, a former banker in charge of the German exchange for just over eight months, would be chief executive of the new company, which would be chaired by Donald Brydon, chairman of the LSE, people close to the talks said.
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