Wolf joined Clearstream in 2000 and occupied various management positions, including COO from 2007 to 2010 and head of product management and business strategy since summer 2010.

Wolf was appointed to the executive board of Clearstream Banking in 2003 and became CEO in 2007.

He has been a member of several executive board committees within the Clearstream Group and also serves as vice-chairman of the European Central Securities Depositories Association (ECSDA).

Clearstream International CEO Jeffrey Tessler said i would like to thank Andreas Wolf for his constant commitment to Clearstream. In his 12 years of service in various management positions, he has made a major contribution to the development and success of the company.

"I welcome Stefan Lepp to his additional role as CEO of Clearstream Banking AG. With his outstanding knowledge of the German domestic market and the international post-trading environment, he will take our German central securities depository forward," added Tessler.