New head of European listing at NASDAQ OMX
NASDAQ OMX has promoted Adam Kostyal to senior vice president of the corporate client group and head of European listing, reporting to Bruce Aust, executive vice president of the global corporate client group.
Kostyal, who is based in Stockholm, joined NASDAQ OMX in 2001 and was most recently vice president of market technology sales, covering business development for the pan-European region.
The NASDQ OMX group was created in 2008 after New York-based NASDAQ, the world’s second-largest exchange, bought its Swedish-Finnish counterpart OMX, which controls seven Nordic and Baltic stock exchanges.
In 2007 the group, which also acquired the Boston and Philadelphia exchanges, failed in its attempt to buy the London Stock Exchange.
NASDAQ OMX currently operates 24 markets in the US and Europe that are home to 3,400 listed companies, representing more than $5 tn in market capitalization. It is also the only exchange used as a financial benchmark index for the US markets.