German index provider Solactive has appointed Christian Vollmuth as chief risk officer.
Vollmuth, who previously worked as managing director at the German Derivatives Association, will be responsible for legal, compliance and regulatory affairs. He will join Steffen Scheuble, CEO, and Christian Grabbe COO as member of the management board.
In his previous role, Vollmuth’s responsibilities included overseeing all legal aspects and regulatory issues concerning the structured products industry in Germany and Europe.
He was also a member of working groups at the Federal Financial Supervisory Authority (BaFin), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO).
Steffen Scheuble, CEO of Solactive, stresses that his appointment reinforces the group’s aim to capture opportunities from a changing regulatory environment. “Christian Vollmuth, with his deep knowledge of the financial industry and extensive experience with regulators, is the perfect candidate for this task. I am certain his arrival will position Solactive to meet the coming regulatory challenges” Scheuble states.