STOCKHOLM, Sweden, Nov. 30, 2005 (PRIMEZONE) -- In order to reinforce OMX's strategy to create growth by commercializing and leveraging its expertise in the exchange industry, OMX will implement a new organization from January 1, 2006. The purpose is to adjust and simplify the organizational structure.
In the new organization, the two current divisions OMX Exchanges and OMX Technology will be replaced by three business areas: Nordic Marketplaces, Information Services & New Markets and Market Technology.
Nordic Marketplaces, headed by Jukka Ruuska, will focus on realizing the vision of an integrated Nordic securities market and will include the OMX exchange operations in Denmark, Finland and Sweden. In order to further develop service excellence, a new pan-Nordic function, Company Services, will be established.
Information Services & New Markets, headed by Hans-Ole Jochumsen, will target business opportunities in high potential growth areas. The business area will initially include Information Services and OMX's Baltic Markets in Estonia, Latvia and Lithuania.
Market Technology, headed by Markus Gerdien, will be fully based on the recently realigned OMX Technology organization and will continue to focus on delivering world leading marketplace systems and services.
The organization adjustments are not expected to lead to any immediate redundancies.
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 Copenhagen, Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Estonia and Latvia. Through OMX Exchanges OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. OMX Technology is a world leading provider of solutions and services -- transaction technology, processing and outsourcing -- based on proven technology. OMX is listed on the stock exchanges in Stockholm, Helsinki and Copenhagen. For more information please visit www.omxgroup.com.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=157605&fn=wkr0001.pdf