Christian Grabbe has been appointed chief operating officer of Solactive AG, the Germany based provider of indices used to create ETFs and other index based products.
Grabbe (pictured) joins from Baader Bank, where he held roles including head of Derivatives Trading, as well as developing a mutual funds and ETF trading desk. Previously, he worked at Citigroup and Deutsche Bank in structured products.
At Solactive, Grabbe will be responsible for developing and expanding operations, and will head the IT, Operations, Human Resources and Legal departments. Solactive is based in Germany, but the company is increasingly seeking to develop its business across Europe and North America. Currently some 160 ETFs are using indices calculated by the firm, including over 100 available in North America.
Steffen Scheuble, CEO and Founder of Solactive said the appointment would enable the company to “pursue our growth strategy and further develop our business model.”