Nasdaq OMX has elevated Magnus Billing to president of Nasdaq OMX Stockholm to help guide the exchange through regulatory changes.
Billing has been senior vice president and chief legal council at Nasdaq OMX Stockholm since 2008. He has worked for Nasdaq OMX for the past 12 years.
His solid regulatory experience and understanding of the reforms facing the industry were highlighted as key factors behind the appointment.
"Magnus has a thorough knowledge of our clearing operations, which is very valuable", said Hans-Ole Jocjumsen, executive vice president, transaction services Nordics and vice president of Nasdaq OMX Nordics. "The development of the clearing operation is crucial for the Nordic financial markets, an a key growth area for Nasdaq OMX Nordics."
Billing said his focus will be on ensuring Nasdaq OMX Stockholm maintains an attractive infrastructure for fund raising and investments. He added: "The new regulations and growing competition create both challenges and opportunities."
Billing will take up the role on 1 July and, at the same time, will become senior vice president of Nordic fixed income and Nasdaq OMX Baltics/Armenia.