Jukka Ruuska appointed President of Stockholm Stock Exchange

12.11.2004 VLN

As of January 1, 2005, Jukka Ruuska will assume the position as President of the Stockholm Stock Exchange. At the same time, he will continue in his role as President of OMX Exchanges.

Jukka Ruuska became President of OMX Exchanges and Deputy CEO of OMX in 2003, following the merger of OM and HEX. Prior to that and from year 2000, he held the position as President and CEO of HEX. Between 1988-2000, he held various positions in companies such as HTC, Finnet Group, Prospectus Oy and Kansallis-Osake-Pankki. Jukka Ruuska, who currently lives in Helsinki, will move to Stockholm by year-end together with his family.

“We are working full speed towards an integrated Nordic Market. Jukka has been working towards the integration since the merger of the exchanges within OMX, and it was a natural choice to ask Jukka to take on the position as President of the Stockholm Stock Exchange. Jukka´s competence and experience of the European and Finnish financial markets will enable us to smoothly continue the Nordic integration journey, ” says Magnus Böcker, Chairman of the Stockholm Stock Exchange and President and CEO of OMX.

“This is an exciting time for me and my family. I consider it a very stimulating challenge to lead the Stockholm Stock Exchange and OMX Exchanges into a fully integrated Nordic and Baltic securities market,” says Jukka Ruuska.

Henrik Paulsson, acting President of the Stockholm Stock Exchange, will continue his work as President of Derivatives Markets at OMX Exchanges. Jouni Torasvirta will continue as President of Cash Markets and Helsinki Stock Exchange.

Press briefing in Stockholm today at 14.00 CET
At 14.00 CET today, journalists are invited to a press briefing where Jukka Ruuska will be available for shorter interviews. The press briefing will take place at OMX in Stockholm at Tullvaktsvägen 15 (Frihamnen).

For more information, please contact:
Magnus Böcker, President and CEO of OMX, +46 8 405 66 44
Jukka Ruuska, Deputy CEO of OMX and President of OMX Exchanges, +358 9 6166 72 00
Annika Molander, Vice President, Communications OMX Exchanges, Stockholm +46 8 405 66 10
Mari Häyry, Communications Manager, OMX Exchanges, Helsinki +358 9 6166 72 06

ABOUT OMX 

OMX owns and operates the largest securities market in the Northern Europe and is a leading provider of marketplace services and solutions for the financial and energy markets. OMX consists of two divisions: OMX Exchanges and OMX Technology. OMX Exchanges owns and operates the stock exchanges in Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Finland, Estonia and Latvia. Through OMX Exchanges OMX offers access to 80 percent of the Nordic and Baltic securities market. OMX Technology is a provider of transaction technology, processing and outsourcing solutions. OMX is listed on the Stockholm Stock Exchange and the Helsinki Stock Exchange. For more information please visit www.omxgroup.com.

CV Jukka Ruuska

As of January 1, Jukka Ruuska will become President of the Stockholm Stock Exchange within the division OMX Exchanges at OMX. Mr Ruuska is also, since September 2003, Deputy CEO of OMX and President of OMX Exchanges. On January 1, 2000, Jukka Ruuska joined the company, as President and CEO of the former HEX Group, including the Helsinki Stock Exchange, Finnish CSD (Central Securities Depository), Tallinn Stock Exchange and CSD, Riga Stock Exchange and CSD.

His experience during the period 1988-2000 includes various positions, such as:
1997 Director, Corporate Planning, HTC (Telecommunication Group)
1996 Director, Corporate Planning, Finnet Group (Telecommunication)
1994 Deputy Managing Director, Prospectus Oy (Investment Bank)
1992 First Vice President, Investment Banking Division, Kansallis-Osake-Pankki
1990 Vice President, Investment Banking Division, Kansallis-Osake-Pankki
1988 Assistant Vice President, Investment Banking Division, Kansallis-Osake-Pankki

Other positions
2004- EDX London, Board Member
2004- NOREX, Chairman
2004- FESE (Federation of European Securities Exchanges), Vice President
2003- VR Group Ltd, (Finnish Rails), Board Member
2001- Tallinn Stock Exchange, Chairman of the Supervisory Council
2000- Finnish Central Securities Depository, Chairman of the Board
2000- The Finnish Foundation for Share Promotion, Board Member

Jukka Ruuska was born in Espoo, Finland, in 1961. He graduated with a Master of Law in 1986 from the University of Helsinki and with a Master of Business Administration in 1998 from the Helsinki University of Technology.