Per Larsson

From MarketsWiki

Per Larsson

Occupation	Chief Executive Officer
Employer	Borse Dubai
Web site	www.borsedubai.ae

Per E. Larsson is CEO of Borse Dubai, the holding company for the emirate's domestic exchanges and the platform for international expansion which includes investment in the London Stock Exchange and the proposed Nasdaq OMX Group.^[1] He is also CEO of the Dubai International Financial Exchange, a wholly-owned subsidiary of Borse Dubai.

Larsson has more than 20 years experience in the exchange business, and was prominent in a number of technology initiatives during his tenure at OM, the Swedish exchange operator, including the clearing of OTC products.

Background

He spent 18 years at OM Group and its successor organisation, OMX, which was at the forefront of consolidation in the Scandinavian exchange sector, including the 1998 takeover of the Stockholm Stock Exchange. Larsson was president and CEO of OMX from 1996-2003, leading an unsuccessful takeover bid for the London Stock Exchange in 2000, and resigned from the group after its purchase of the HEX Helsinki Stock Exchange.

Larsson took up his current position with the creation of Borse Dubai in August 2007, overseeing its investments in the Dubai International Financial Exchange (DIFX) - where he was hired to replace Steffen Schubert as CEO in March 2006 - and the Dubai Financial Market^[2].

After graduating from Uppsala University, Larsson joined Föreningsbankernas bank as a money market dealer in 1984 and was recruited the following year by OM's founder, Olof Stenhammar, to the team setting up the fledgling options exchange.

In 1990, Larsson was appointed president of OM Stockholm, the Stockholm-based exchange, and the following year took charge of its exchange and clearing division, which included the London Securities & Derivatives Exchange. In 1995 he was appointed executive vice-president and COO of OM Group. ^[3]