Hans-Ole Jochumsen, president of Nasdaq OMX Nordic and executive vice president of Nasdaq OMX Group, has succeeded Spyros Capralos, CEO of the Athens Exchange, as president of trade body the Federation of European Securities Exchanges (FESE).
In addition, Deirdre Somers, CEO of the Irish Stock Exchange, has been appointed as vice president of FESE, taking over from Michael Buhl, CEO of the Central and Eastern European Stock Exchange Group.
Both appointments will last the statutory term of two years and were elected unanimously by FESE's general assembly.
“European exchanges are currently facing crucial regulatory changes, and it is an honour to have been elected president of the FESE and have this seat throughout this important period,” said Jochumsen. “With an industry undergoing major transformation, I believe that it is more important than ever that FESE continues to work with other parties in the financial industry to develop fair, transparent and open markets leading to economic growth and investor confidence.”
“The market infrastructure provided by FESE members is crucial to delivering European economic growth through enterprise and entrepreneurship. These markets provide the funding, support and access necessary to grow and sustain European business and provide employment. I look forward to working with FESE in this critical area,” added Somers.