Thilo Derenbach is General Manager of the Clearstream Banking UK Branch for Deutsche Börse Group and Executive Director Customer Relations Americas, UK, Ireland & Nordic countries. Prior to working in London, Thilo worked as Senior Expert in the Relationship Management Europe area and was, in parallel, Joint Managing Director of REGIS-TR, the trade repository joint venture of Clearstream and Iberclear / Spain. From 2000 to 2005, Thilo spent several years in the Cash Market Division of Deutsche Börse Group, working in relationship management and product development of Xetra. He holds a degree in Finance from ICN, Institut Commerciale de Nancy / France, and an MBA from IUP, Indiana University of Pennsylvania, USA.