Flow Traders Names QuantCube Middle East Chief Thomas Spitz As New CEO

Flow Traders has nominated Thomas Spitz as Chief Executive Officer and Executive Director, with the experienced financial markets executive set to join the electronic trading firm on 1 September 2025 subject to regulatory and shareholder approval.

Mr Spitz brings over two decades of experience building and leading trading operations across global markets, most recently serving as Chief Executive Officer of QuantCube Middle East, a technology firm specialising in alternative data and analytics.

Prior to that role, he was Head of Global Markets at First Abu Dhabi Bank from 2022 to 2024, and spent more than 20 years at Crédit Agricole in various leadership positions across all asset classes, culminating in his role as Head of Global Markets Trading, FICC & EQD.

The appointment marks a leadership transition at the Amsterdam-based market maker, with current Chief Executive Officer Mike Kuehnel's term extended to 31 August to facilitate a seamless handover. Kuehnel has led Flow Traders for four years through a period of significant expansion into digital assets and geographic diversification.

As Chief Executive Officer, Mr Spitz will be responsible for executing Flow Traders' strategic agenda, including the company's growth and diversification strategy and Trading Capital Expansion Plan that has seen the firm retain additional profits to reinvest in the business.

The incoming chief executive has managed teams across more than 15 countries and possesses experience in managing stakeholder relationships and building strategic partnerships across organisational levels.

Flow Traders' Board will nominate Mr Spitz for election as Executive Director at a Special General Meeting of shareholders scheduled for later this year, with convening documentation to be published in due course.

Chairman of the Board Rudolf Ferscha commented: "We are pleased that Thomas is joining Flow Traders as Chief Executive Officer and Executive Director of the Board. He brings a wealth of experience leading trading, sales and research organizations at global financial institutions while driving growth through innovative business strategies. We are confident that he will excel at executing our strategic agenda and lead Flow Traders into its next phase of growth."

"On behalf of the entire Board I would also like to thank Mike Kuehnel, whose term has been extended to 31 August, for his leadership at Flow Traders over the past four years and for supporting and assisting the Board throughout the additional transition period since our AGM in June. This allows for a seamless transition, both at the CEO and Board level. We wish Mike every success in all his future endeavors," Ferscha added.

Thomas Spitz said: "I am honored and excited to be nominated as the next CEO of Flow Traders. I see tremendous opportunities given the extraordinary capabilities the Company has built over the past two decades. I look forward to meeting the team and together expand our market leadership, drive our strategic growth agenda, and provide exceptional value to all of our stakeholders."

The leadership change comes as Flow Traders reported record quarterly results for the second quarter of 2025, with net trading income surging 80% to €143.4 million amid increased market volatility across traditional asset classes.

Founded in 2004, Flow Traders is a leading global exchange-traded product market maker that has expanded from European equity ETPs into fixed income, commodities, digital assets and foreign exchange globally.