Solactive AG has announced changes to the management board. Christian Grabbe has decided to leave Solactive AG with immediate effect. He will therefore not be seeking re-appointment as a board member of Solactive AG.
In his approximately five years as chief operating officer and member of the Management Board, Grabbe has played a key role in organising the company from a small index vendor located in Frankfurt to a global provider with overseas offices in North America and Asia, offering 24 hours service for its global customers.
With Grabbe's support, the company grew from 20 employees to more than 200 today. He has accompanied the Solactive growth story with the introduction of the required operational processes and measures, and he has been a key factor in setting up the operations in Hong Kong, Toronto and Dresden. On the basis of these achievements, he has decided to end his management role.
Grabbe´s responsibilities will be jointly split between the remaining members of the management board: Christian Vollmuth (chief risk officer), Dirk Urmoneit (chief indexing officer) and Steffen Scheuble (chief executive officer).