Nasdaq has promoted one of its most senior executives to president of European markets in a newly created role, as the exchange operator targets growth in the region.
Bjørn Sibbern, a ten-year executive veteran at Nasdaq and currently executive vice president for global information services, will assume the new role on 3 June this year, Nasdaq confirmed in a statement.
Sibbern will be responsible for managing trading, clearing, settlement and data divisions in Sweden, Denmark, Finland, Iceland and the three Baltic countries. He will also lead Nasdaq’s push to expand their presence in Europe.
“Our European markets are strategically and financially important to our global business,” said Adena Friedman, president and CEO, Nasdaq. “Bjørn will bring his extensive markets experience and strong leadership capabilities to deepen our relationships with clients and regulators and create new opportunities to expand our business. Today’s announcement showcases our long-term commitment to driving growth in our European markets.”
As head of global information services, Sibbern oversaw several major deals for the business including the acquisitions of eVestment and Quandl. Prior to that, he held various senior positions at Nasdaq in Europe, including leading the global commodities trading business and managing the European cash equities and derivatives markets.
Lauren Dillard, most recently head of investment solutions at The Carlyle Group, will join Nasdaq as head of global information services in New York, replacing Sibbern.
“Focusing on client relationships and listening to their broader needs will be important as we build upon our business across the European region,” Sibbern commented. “Nasdaq has a proven track record of enhancing economic growth across Europe. We will use this expertise to fuel opportunities for our clients, support the growth of small and medium enterprises, and build on our leadership in data and technology.”