Rüdiger is CEO of DekaBank Deutsche Girozentrale, and has been a member of the exchange council as representative of public law credit institutions since the previous election on 1 December 2016.
He replaces Lars Hille, who will leave DZ BANK in October 2017 and therefore will terminate his membership in the exchange council after ten years.
Matthias Zieschang, executive board member at Fraport, remains deputy chair.
Carsten Kengeter, CEO of Deutsche Börse, said: “Lars Hille took over the chairmanship during challenging times but made the most of his brief tenure, taking an active and engaged approach to the role.
“We are delighted that with Michael Rüdiger we once again have an excellent representative of the Frankfurt financial centre heading the Council. We wish Michael Rüdiger every success in the role.”