The head of Deutsche Börse's cash equities market is to leave the exchange group next summer following a business and management reshuffle.

Rainer Riess, managing director of Xetra and deputy chairman of the management board of the Frankfurt Stock Exchange, will hand over his responsibilities for Xetra - the exchange's cash equities market - at the end of December and will leave Deutsche Börse on June 30 next year, according to a statement from the German group today.