Source: Nasdaq OMX
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that the Supervisory Council of NASDAQ OMX Tallinn approved Rauno Klettenberg as the Chief Executive Officer (CEO) of NASDAQ OMX Tallinn.
Mr. Klettenberg will serve as CEO of NASDAQ OMX Tallinn beginning on April 8, 2013. NASDAQ OMX Tallinn operates the main stock exchange in Estonia and owns the Estonian Central Securities Depository (CSD), where he will act as the Chairman of the Supervisory Council.
"We welcome Rauno to NASDAQ OMX and believe his experience and skill will allow us to advance NASDAQ OMX Tallinn, a leading capital market in Estonia," said Arminta Saladžienė, Chairman of the Supervisory Council of NASDAQ OMX Tallinn and Head of NASDAQ OMX Baltic Market. "Our aim is to support companies that wish to access capital, foster greater investment in the country and provide greater opportunities for investors."
Mr. Klettenberg has over 16 years of experience in the financial services industry and 11 years in management. As the Chairman of NASDAQ OMX Tallinn, he will ensure that the focus remains on issues which are central to ensuring a stable and attractive investment environment in Estonia.
"Markets are central to capital raising activities and growing economies, and I hope Estonian companies will continue to take full advantage of this platform," said R. Klettenberg. "Recently the volume of deposits in Estonia has increased, and interest rates have remained low. This has created a favorable investment environment that will bring new investors to the Estonian stock market. Our market has an integrated trading platform and gives investors and companies seeking capital access to broader array opportunities than ever before," he added.
Rauno Klettenberg joins NASDAQ OMX from Svenska Handelsbanken, where he served as the General Manager of the Estonian branch for over four years. Prior to that he headed the Corporate Banking unit of the same branch, and held positions at SEB Pank (formerly Eesti Ühispank) where he served as the head of the Credit Analysis Department and as a financial specialist and a credit risk analyst.
Mr Klettenberg has a bachelor's degree in BusBusiness Administration and a Master's degree in Accounting and Finance from the Estonian Business School.