Olof Neiglick has left Nordic-based multilateral trading facility Burgundy for Swedish bank SEB.
Neiglick was CEO of Burgundy when it was acquired by Oslo Børs in January last year. At the time of the takeover, he said the deal would offer strategic opportunities for Burgundy in its next phase of growth.
He has been appointed as global head of electronic execution at SEB.
Burgundy was launched in June 2009, offering trading in Swedish, Danish and Finnish shares. Its acquisition by Oslo Børs gives the Norwegian exchange operator a presence across Scandinavia, putting it in direct competition with Nasdaq OMX Nordic.
As part of the acquisition, Burgundy migrated to London Stock Exchange’s Millennium trading technology, which Oslo Børs switched to in late 2012, in order to provide users with access to both markets from a single connection.