Hans-Ole Jochumsen

From MarketsWiki
Jump to: navigation, search
TT 300x60 - 2016.jpg
Hans-Ole Jochumsen
Hans-Ole Jochumsen.jpg
Occupation Vice Chairman
Employer Nasdaq
Location Stockholm
LinkedIn Profile
Website www.nasdaqomx.com

Hans-Ole Jochumsen is vice chairman of Nasdaq. He took over that role on January 1, 2017, having previously been president, global trading and market services.

In the role of president, he oversaw cash and derivatives within equities and the fixed income, currency and commodities area (FICC).[1]

Jochumsen had a major role in many of the acquisitions under former Nasdaq chief executive Bob Greifeld, including the $400 million acquisition of Chi-X Canada and the $1.1 billion deal for International Securities Exchange in 2016. He also launched Nasdaq’s energy futures market.[2]

From 2010-2013 he served as president of the Federation of European Securities Exchanges. [3]

Before the merger between Nasdaq and OMX in 2008, Jochumsen served as president and member of the OMX executive team.[4] [5] He later replaced Magnus Böcker as CEO.

He had been the executive vice president of Transaction Services Nordics, an integrated marketplace of seven independent Nordic and Baltic exchanges, also called The Nordic Exchange, which offers trading of Nordic and Baltic securities shares, derivatives and fixed income products. He was also responsible for broker services, OMX's offering of back-office and custody solutions to Nordic clients.

He was head of the Copenhagen Stock Exchange and merged it with its rival the Stockholm Exchange in 2005. He was also an active member of industry lobbying groups, in particular the Federation of European Securities Exchanges and World Federation of Exchanges.

Background

Jochumsen's responsibilities at Transaction Services Nordics included leading the Nordic and Baltic markets to maintain and develop a strong strategic position in the Northern European securities markets.

Prior to the merger between NASDAQ and OMX, Jochumsen served as president and member of the OMX executive team. He played a key role in the strategic development of OMX and the business area of information services & new markets in particular.

During Jochumsen's tenure, OMX successfully launched the Nordic Market Data offering, bringing the market data distribution from seven different Nordic and Baltic marketplaces into one source. Jochumsen also led the launch of the news distribution service and significant developments on the Baltic markets.

Jochumsen served as president and CEO of the Copenhagen Stock Exchange during its turnaround from 1998-2006.

From 1990 to 1998 Jochumsen served as member of the management board of the following Danish financial institutions: BRFkredit, GiroBank and BG Bank, the latter being the third-largest bank in Denmark.[6]

Education

Jochumsen holds M.Sc. degree in Economics from University of Copenhagen.[7]

John Lothian News Interview

Navigational Beacon: NASDAQ OMX Group’s Hans-Ole Jochumsen Steering through Challenges
A recurring theme at this year’s IDX London was navigating the many challenges facing the financial sector. In this video, NASDAQ OMX Group’s Hans-Ole Jochumsen talks to John Lothian News about three such challenges - exchange competition, allocation of technology resources, and the global regulatory environment.

References

  1. Hans-Ole Jachumsen. Nasdaq OMX.
  2. Nasdaq senior executive to retire. The Financial Times.
  3. Hans-Ole Jochumsen Executive Bio. Bloomberg Businessweek.
  4. Hans-Ole Jochumsen. Nasdaq.
  5. Press Release. Mondo Visione.
  6. Executive Management. Nasdaq.
  7. Nasdaq Omx Group. Bloomberg Businessweek.