The Federation of European Securities Exchanges (FESE) has appointed Hans-Ole Jochumsen, president of Nasdaq OMX Nordic and executive vice president of Nasdaq OMX Group, as its new president for a statutory term of two years.

The General Assembly of FESE unanimously elected Hans-Ole Jochumsen as president and Deirdre Somers, CEO of the Irish Stock Exchange as vice president of the FESE.

Jochumsen and Somers replace Spyros Capralos of the Athens Exchange and Michael Buhl, CEO of the CEE Stock Exchange Group.

Jochumsen said European exchanges are currently facing crucial regulatory changes, and it is an honor to have been elected president of the FESE and have this seat throughout this important period.

"With an industry undergoing major transformation, I believe that it is more important than ever that the FESE continues to work with other parties in the financial industry to develop fair, transparent and open markets leading to economic growth and investor confidence.

"I would also like to express my deepest gratitude for the hard work of my predecessor Spyros Capralos who led the Federation over the last two challenging years," Jochumsen added.