Jürgen Marziniak, former managing director of global investor services at Deutsche Bank, has been appointed chief executive of GSTP AG, a Swiss-based industry-owned utility which is developing a network for straight-through processing (STP) of equity trades.

Marziniak will join GSTP AG in early January. His move coincides with the scheduled launch of GSTP live production, following the completion of a structured pilot program involving 30 fund managers, brokers and global custodians.