Clearstream Banking adds to executive board

Clearstream Banking has appointed Martina Gruber and Berthold Kracke to its executive board as it bids to face the challenge of TARGET2-Securities.

Gruber will lead the German central securities depository’s (CSD’s) sales and relationship management, customer service and marketing areas. Kracke will be responsible for risk management and compliance, finance and controls.

They join Clearstream Banking’s CEO Stefan Lepp and Mathias Papenfuß on the board.

Jeffrey Tessler, CEO of parent company Clearstream International and chairman of the supervisory board of Clearstream Banking, said: “The appointment of Gruber and Kracke—both experts in German and international banking and finance—strengthens the executive board of Clearstream Banking. Gruber will leverage her extensive market experience in the interest of our German and international clients. With his in-depth knowledge of operational processes, Kracke is predestined to take on key tasks in the area of business continuity.”

“One of the main challenges of the new executive board will be to position the German CSD for TARGET2-Securities, thus making a decisive contribution to the business success of our entire group.”