The Dubai International Financial Exchange (DIFX) has appointed Jeffrey Singer from Nasdaq OMX as its new chief executive officer, replacing Per Larsson who has "accepted another senior position in the region".
Details of Larsson's new job have not been disclosed in the statement from DIFX.
The former OM Group president took up the role of DIFX CEO in July 2006. Since then the Dubai exchange has acquired a 20% stake in Nasdaq - in return for bowing out of its takeover bid of OMX - and bought Nasdaq's 28% stake in the London Stock Exchange (LSE). This complex transaction also saw Nasdaq acquire a 33% stake in DIFX.
In a statement DIFX says Singer will fill the position vacated by Larsson. Singer joined Nasdaq in 2003 and was most recently senior vice president and head of international, responsible for Nasdaq's global business development, focusing on international relationships with companies outside of the Americas.
Bob Greifeld, CEO, Nasdaq OMX Group and a DIFX board member, says the new appointment "marks another important linkage between Nasdaq OMX and DIFX, demonstrating our commitment to this market".