Magnus Bocker resigned as president of the Nasdaq OMX Group effective Sept. 2, to become CEO of the Singapore Exchange, according to a news release from Nasdaq today.
Mr. Bocker will join the Singapore Exchange for a three-year term starting Dec. 1, the release said. He is replacing Hsieh Fu Hua, who will complete his term in September but remain with the company until Mr. Bocker joins in December, according to a separate release from Singapore Exchange Ltd.
Representatives from both companies were not immediately available for comment.
Mr. Bocker's duties at Nasdaq OMX will be assumed by Bruce Aust, executive vice president of the global corporate client group, and Anna Ewing, executive vice president and chief information officer, according to the Nasdaq release.