Nasdaq Elevates Hans-Ole Jochumsen to Role of Vice Chairman

Nasdaq (Nasdaq:NDAQ), one of the largest exchanges in the US, announced a new senior appointment, promoting Hans-Ole Jochumsen as its newest Vice Chairman, who will step into his role in January 1, 2017, according to a Nasdaq statement.

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Mr. Jochumsen has been a veteran of Nasdaq since joining the group in 2008. He currently serves as its President, who is responsible for overseeing the group’s Global Trading and Market Services, encompassing a wide range of Nasdaq’s business segments, including transactions, clearing, settlement services such as Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, derivatives, fixed income, currency, and commodities.

In his new role as the Vice Chairman at Nasdaq, Mr. Jochumsen will be working in tandem with the rest of Nasdaq's European teams, whereby combining their efforts to assist in augmenting relationships with trading and listing clients and regulators. While at Nasdaq, Mr. Jochumsen has served in a variety of capacities, including roles as its Executive Vice President and President, whist based out of Sweden.

Prior to joining Nasdaq in 2008, he also worked at BG Bank in Copenhagen as its Managing Director and member of the group’s management board. Additional stints also include senior roles at GiroBank A/S and BRFkredit, part of a lengthy career extending back to 1986, according to information made public on his Linkedin profile.

According to Bob Greifeld, CEO, Nasdaq, in a recent statement on the promotion, "Our continued focus on the success of our clients has been a driver of Nasdaq's growth, whether it's delivering our technology to more than 85 exchanges and regulators, or providing reliable and innovative trading solutions for the US and Nordic capital market.”

“Hans-Ole has been an instrumental part of our leadership team during the past eight years, and he will continue to focus on evolving our European businesses through best-in-class product development, industry partnerships, and collaboration with clients,” he added.

"My new role further provides me the opportunity to continue to work closely with clients and regulators across all of Nasdaq's businesses across Europe. Nasdaq's European businesses are strategically vital to the company and I believe our role in these local markets, and in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term space, will have a positive impact on the global investment community and well-functioning capital markets,” explained Mr. Jochumsen in an accompanying statement.