Carsten Kengeter and Chief Executive

: One suggested he would be chief executive while another said he would be chairman, according to The Guardian. Neither exchange would elaborate on their negotiations after being forced to admit on Tuesday that they had begun their third attempt at a tie-up in 16 years. There have been conflicting reports about the role of Carsten Kengeter, the German banker who has been running the Frankfurt-based exchange for only nine months. At that point they confirmed they were embarking on a merger of equals in which both companies would share control of the boardroom, retain their separate brands and operate under a holding company structure. Deutsche Börse is to own 54.4% of the merged holding company, compared with LSE 45.6%. Under this scenario, the chief executive of the LSE, Xavier Rolet, would leave the enlarged exchange, which would be the third largest in the world in terms of stock market value. According to the Financial Times, the holding company would be based in London - which might appease any lingering anxiety that the German exchange was gaining greater control of the business. (news.financializer.com). As reported in the news.