STOCKHOLM, Sweden, June 16, 2004 (PRIMEZONE) -- OM Technology today announced that Paul Bennett, Senior Vice President Market Operations at International Securities Exchange (ISE), will join OM Technology as President of OM Technology for the Asia Pacific region.
Mr Bennett has 25 years of combined financial markets and information technology experience. He joins OM from ISE, where he was instrumental in establishing ISE as the world's largest equity options exchange. As Senior Vice President of Market Operations, he is responsible for daily operations, product development for ISE trading systems and the project management office.
Prior to joining ISE, Paul worked for the Australian Stock Exchange where he managed the project to migrate the trading of ASX Options products from the trading floor based market to a fully electronic market.
Mr Bennett will relocate from New York to Sydney to assume his new position on August 1, 2004. He will report to Klas Stahl, President OM Technology.
"I am very much looking forward to taking up these new challenges with OM. I am certainly looking forward to further establishing OM's presence in Asia Pacific, and to continuing to develop the financial markets infrastructure in the region," said Mr Bennett.
"We are delighted to welcome Mr Bennett on board as a part of our executive management team. He will not only add his experience of building and operating a world-class exchange, but also help us forge our business in Asia and the Pacific region," said Klas Stahl.
For more information or comments, please contact:
Klas Stahl, President, OM Technology +46 8 405 77 07 Anna Rasin, VP Marketing & Communications, OMHEX +46 8 405 66 12
About OM/OMHEX
OMHEX owns and operates the largest securities market in Northern Europe and is a leading provider of marketplace services and solutions for the financial and energy markets. OMHEX consists of two divisions: OM Technology - a world-leading provider of outsourcing and transaction processing solutions and services based on pioneering and proven technology, and HEX Integrated Markets - the integrated Nordic and Baltic marketplace for securities, giving customers access to 80 percent of the Nordic and Baltic Securities market. OMHEX is listed on Stockholmsborsen and Helsinki Exchanges. For more information please visit www.omhex.com.
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