Magnus Böcker

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Magnus Böcker
MagnusBocker.jpg
Occupation Chief Strategy Officer
Employer Kouclo Group
Website www.kouclogroup.com

Magnus Böcker is a long-time executive in the financial industry. He is former chief executive officer of the Singapore Exchange (SGX), as well as a non-independent director on the SGX Board, where he served from 2009 to 2015. [1] He is also a partner in Blibros Capital Partners, where he pursues his interest in growth companies.

In April 2016, Böcker was named chief strategy officer at Kouclo Group, a Chinese technology firm with platforms that include e-commerce, payments finance and communications.[2]

Background

Böcker has more than three decades of leadership experience in the financial industry, including: president of Nasdaq, spearheading the creation of OMX, the Nordic exchange and technology group, and subsequently playing a key role in the merger of OMX and Nasdaq in 2008.

The OMX Years

Böcker, born in 1961 in Sköllersta, Sweden, is the former president of NASDAQ OMX[3] and was CEO of OMX AB,[4] the Scandinavian exchange operator and technology group, before it was acquired by Nasdaq and Borse Dubai. He joined OMX in 1986.

During his tenure with OMX, Böcker served in various capacities, including as CFO, COO and president of the OMX technology division, before replacing Per Larsson as CEO of OMX in 2003.[5] Under his leadership, OMX became the world’s largest provider of technology solutions for exchanges and clearing organizations.

During Böcker's three-year tenure as CEO of OMX, OMX integrated seven national exchanges in Northern Europe into one. At the time of the merger with NASDAQ, the OMX Nordic Exchange offered trading in cash equities, fixed income and derivatives in Denmark, Finland, Sweden, Iceland, Estonia, Latvia and Lithuania with over 850 companies listed.[6]

While CEO of OMX, the company moved from a loss to profitable, with both 2006 and 2007 revenues and operating profit the highest ever in company history.

Taking the Helm at SGX

Böcker was named CEO of SGX in 2009, succeeding the retiring Hsieh Fu Hua. As CEO, he oversaw the exchange's push into the rest of Asia with the development of Japan and China stock market-related futures contracts. But he was frustrated by regulators in his efforts to buy the Australian exchange ASX in 2011, which were blocked by the Australian government, which said a takeover wasn't in the country's best interest.[7]

Under Bocker, derivatives trading volume rose to records, but overall trading volume was not up to expectations, as the exchange's equity business lagged. A petition was issued for his removal from the post in early 2015, although he officially served out his contract until June of 2015. [8] [9] He was replaced by Loh Boon Chye in July 2015.

He has been a member of the Shanghai International Financial Advisory Council, World Federation of Exchanges, council of the Institute of Banking and Finance in Singapore, Singapore Business Federation, advisory board of the Sim Kee Boon Institute for Financial Economics at Singapore Management University. Böcker has also been a member of The Mount Sinai Surgery Advisory Board in New York as well as in a number of public companies and private equity investments, including Orc Software and the Dustin Group.[10]

Education

Böcker studed business at the University of Stockholm.[11]

References

  1. SGX appoints Magnus Bocker as new CEO. ChannelnewsAsia.
  2. Former SGX CEO joins Kouclo Group. The Trade News.
  3. NASDAQ OMX Group Announces Executive Management Team. NASDAQ OMX.
  4. OMX Executive Bios. OMX.
  5. Former OMX chief Larsson sets showdown with Bocker. Reuters.
  6. NASDAQ OMX Group Announces Executive Management Team. NASDAQ OMX.
  7. Singapore Exchange chief Magnus Böcker to leave in June. The Financial Times.
  8. Singapore Exchange Taps Loh Boon Chye as CEO. The Wall Street Journal.
  9. Petition Petition to remove Magnus Bocker as the CEO of SGX due to his mismanagement. iPetitions.
  10. Next Week's Guest: Magnus Bocker. Forbes.
  11. OMX Executive Bios. OMX.