Nasdaq OMX Baltic, the operator of domestic markets in Estonia, Latvia and Lithuania, has announced the appointment of Arminta Saladžiene to lead its three bourses.
Saladžiene, who is currently president and chairman of the management board at Nasdaq OMX Vilnius, Lithuania, will take up her new role as head of the Baltic market on 1 January 2012. She is also a director on the board of Lithuania’s central securities depository and has 15 years of capital markets experience.
“Nasdaq OMX will continue the consolidation in the Baltic market amidst global economic uncertainty,” said Saladžiene. “Nasdaq OMX offers Baltic and central and eastern European companies a trustworthy market place to raise capital for the ideas of tomorrow.”
Since its takeover of Nordic exchange group OMX in 2007, Nasdaq OMX has sought to streamline trading and settlement in the Baltics in order to make the region more accessible and attractive to foreign investors.
As well as the implementation of its INET trading platform in the Baltics, the exchange group has also introduced EMCF as a central counterparty and is moving ahead with plans to adopt the euro for trading and clearing across all three markets. Nasdaq OMX is also engaged in discussions with the governments of the Baltic states to encourage the use of the stock market as a means of capital raising.