Nasdaq has promoted its head of European fixed income, commodities and currencies (FICC), Fredrik Ekström, to lead its Stockholm-based stock exchange.
He replaces Lauri Roshendahl, Nasdaq’s current president of the exchange and head of European equities and post-trade, who plans to retire at the end of the first quarter.
From 1 April, Ekström will oversee business operations for the exchange, while continuing to lead Nasdaq’s European fixed income and commodities procedures. He will report to Nasdaq’s Bjørn Sibbern, president of European markets.
Starting his career in 1999 at OM Group, Ekström worked in multiple clearing and fixed income positions. In 2010 he joined Nasdaq as chief risk officer for Nasdaq Clearing, and over the past decade, was promoted to several senior leadership roles including president of Nasdaq Clearing, head of Nasdaq Nordic Fixed Income, and most recently, head of European FICC Markets.
Following his retirement, Rosendahl will become an executive advisor for the exchange, reporting Bjørn Sibbern, president of Nasdaq’s European Markets. He will also continue as chairman of the board for Nasdaq´s exchanges in Helsinki, Copenhagen, Oslo and Iceland.During his time with the exchange, Rosendahl oversaw Nasdaq’s implementation of MiFID II in Europe, and has been a prominent voice in the emerging space of corporate sustainability and Environmental, Social, and Governance (ESG).
“I extend deep gratitude to Lauri for his many contributions to Nasdaq. His passion and unwavering commitment to advancing our business and the Nasdaq sustainability initiatives—first in the Nordics and then more broadly at Nasdaq and in the financial industry, by working hands-on with our clients around the world—has played an important role in helping to establish strategic vision in this emerging space,” said Sibbern.
Bjørn Sibbern was promoted to president of Nasdaq’s European Markets, a newly created role, in June last year to manage trading, clearing, settlement and data divisions in Sweden, Denmark, Finland, Iceland and the three Baltic countries.