The development within the different markets moves in opposite directions and at different speed. It has therefore become necessary to differentiate both between markets and products to meet the customers' requirements. In the new organisation the Exchange gathers the customer responsibility in five business units that cover the areas: shares and investments certificates, derivatives, bonds, market data and IR products.
The change also supports the development of the employees' skills by giving a number of employees the opportunity to be grounded even broader in the business.
The Exchange performs a number of duties on behalf of the Danish Securities Council in pursuance of a delegation agreement. With a view to clarifying the Exchange's authoritative duties, these are now combined in one new unit - Listing and Surveillance. Listing and Surveillance will be responsible for the duties that relate to listing and supervision in respect of the businesses that have securities listed on the Copenhagen Stock Exchange, and in respect of members and other businesses that are required to report trading in securities that are listed on the Exchange.
President and CEO Hans-Ole Jochumsen commented: "Securities markets across the world are developing at a rate which makes it necessary for us to increase our already intense focus on strategy and product development. With our new organisation we wish to ensure and improve the quality of the securities market in Denmark. In this way we can make sure that the Copenhagen Stock Exchange will remain the natural choice for trading in Danish securities and maintain and develop this position for the benefit of listed companies, investors, dealers and the society in general."
The five business units will each be responsible for the sales and development activities related to the area in question, regardless of whether the product is targeted at listed securities, members or re-distributors of market information.
Communications, including branding and marketing, and market analyses will in future make up staff functions in the organisation.
The executive board remains unchanged and consists of President and CEO Hans-Ole Jochumsen and CFO Jan Ovesen. The management group will in future comprise the managers that have the overall managerial responsibility for the business areas and staff units.
In connection with the reorganisation, Erik Bruun Hansen and Linda Rath- Michaelsen are appointed senior vice presidents. In future Erik Bruun Hansen will be responsible for Listing and Surveillance and Linda Rath-Michaelsen for Communications, HR and In-house Service.
