Hans-Ole Jochumsen, one of Nasdaq’s most senior executives, is to retire at the end of the year.
Mr Jochumsen, a well-known and influential figure in the European market infrastructure industry, was most recently vice chairman of Nasdaq but has also served as president of its global trading and market services business.
His retirement was announced in an internal memo circulated late on Monday.
The Dane was instrumental in many purchases under previous Nasdaq chief executive Bob Griefeld, including the $400m acquisition of equity venue Chi-X Canada and the $1.1bn deal for International Securities Exchange (ISE), the options exchange, in 2016. He also launched Nasdaq’s energy futures market.
He was particularly well-known in Europe, where 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, especially the Federation of European Securities Exchanges and World Federation of Exchanges.
“Hans-Ole has made considerable and lasting contributions that have deeply benefited both Nasdaq and the industry as a whole. Our Nasdaq Nordic business has grown exponentially under his leadership, and his dedication, drive and general love of the business is nothing short of inspirational,” said Adena Friedman, Nasdaq chief executive in the memo.
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