Nasdaq Vice Chairman Jochumsen to retire

Nasdaq Inc Vice Chairman Hans Ole Jochumsen, who has been focused on expanding the transatlantic exchange operator`s European operations, will retire at the end of the year, he said in an interview on Tuesday.

"I`m very excited and have been looking forward to this for a long time," said Jochumsen, who added he made a plan more than 30 years ago to retire by age 60 if able. He turns 60 next month.

Nasdaq announced Jochumsen`s retirement late on Monday in an internal memo, which was seen by Reuters.

Since joining the New York-based company in 2008 when it merged with Nordic exchange operator OMX, Jochumsen has helped guide strategy, taking the lead on many deals, such as the recent acquisitions of Chi-X Canada and the International Securities Exchange, according to the memo.

"He has been a true mentor, partner and friend to me, other members of the leadership team, and many other colleagues across our global organization," Adena Friedman, Nasdaq`s chief executive officer, said in the memo.

Nasdaq named Jochumsen vice chairman in October. Prior to that he had been co-president of the company, along with Friedman, who took over as CEO on Jan. 1 following the retirement of Robert Greifeld.

Jochumsen also oversaw the launch of NFX, Nasdaq`s U.S. commodities exchange.

The former CEO of the Copenhagen Stock Exchange said he planned to move back to Copenhagen and that he was also taking on an advisory role at a New York-based fintech firm.

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