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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that Magnus Bocker, President of NASDAQ OMX, has advised the company that he intends to step down from his role effective September 2. Mr. Bocker will join the Singapore Exchange Limited (SGX) as Chief Executive Officer beginning in December.
"Magnus built a ground-breaking, successful exchange and technology company in OMX, and he has played an integral role in the successful merger of NASDAQ OMX. We are grateful for his valuable contributions over the last 18 months, including executing on our successful integration as well as his achievements in moving our listings and market technology business forward," said Bob Greifeld, Chief Executive Officer of NASDAQ OMX. "We are delighted that we can continue our partnership with Magnus in his role as a market technology customer."
Mr. Bocker was appointed President of NASDAQ OMX following the merger of the two companies in February 2008. During his tenure at the exchange company, Mr. Bocker had responsibility for Listings, Corporate Services and Market Technology. Mr. Bocker's responsibilities will be assumed by Bruce Aust, Executive Vice President, Global Corporate Client Group, and Anna Ewing, Executive Vice President and Chief Information Officer, who will lead Market Technology.
"My time at NASDAQ OMX has been memorable and meaningful from a personal and professional perspective. I have enjoyed my time in New York and take great satisfaction in having seen through the very successful integration of NASDAQ OMX, with synergies achieved seamlessly and ahead of schedule," said Mr. Bocker.
