1 Liberty Plaza
United States of America
As President, Mr. Jochumsen's responsibility is to maintain and further develop Nasdaq’s strategic position in the equities and FICC space. He is responsible for ensuring that Nasdaq’s network of exchanges, which spans 26 markets, 1 clearing house, and 5 central securities depositories, continue to operate efficiently and transparently.
Prior to the merger between Nasdaq and OMX in 2008, Jochumsen served as President and member of the OMX executive team. Before OMX, Mr. Jochumsen served as President and CEO of Copenhagen Stock Exchange and FUTOP Clearing, spearheading the merger of the Copenhagen and Stockholm exchanges in 2005.
Throughout his career, Mr. Jochumsen has played an active role in shaping securities industry policy. He served as the Chairman of the Federation of European Securities Exchanges (FESE) from 2010 to 2013. From 1990 to 1998, Mr. Jochumsen served on the management board of some of the largest Danish financial institutions, including GiroBank and BG Bank.
Mr. Jochumsen is a graduate of Copenhagen University with a Master of Science (MSc), Economics.
Mr. Wittman was recently Senior Vice President, Head of U.S. Equities and Derivatives and President of PHLX. In this role, he was responsible for the management and operations of Nasdaq’s U.S. equities and options markets, and the de novo futures business. Formerly Vice President of U.S. Options, Mr. Wittman led the team in transitioning the PHLX platform from an open outcry, floor-based specialist system to an electronic, hybrid system. He also drove the development of the Nasdaq Options Market (NOM) and the launch of Nasdaq BX Options (BX Options). With these advancements, the group was able to attract new liquidity and order flow providers, resulting in Nasdaq’s leading position in U.S. equity options market share since 2010.
Mr. Wittman began his exchange career in 1987 as a software developer for The Philadelphia Stock Exchange (currently known as PHLX). During his career at The Philadelphia Stock Exchange, he oversaw the software development division that was the backbone of the equity trading business, listed options business, PBOT futures business and the supporting surveillance and back office systems. He was instrumental in guiding The Philadelphia Stock Exchange into the electronic age of exchange trading. Mr. Wittman joined Nasdaq in 2008 after Nasdaq acquired The Philadelphia Stock Exchange.
Cohen currently serves as a Director on the Investment Industry Regulatory Organization of Canada (IIROC) Board and as a Director on the Canadian Depository for Securities (CDS) Board. He is a member of IIROC’s Human Resources committee.
Cohen holds a B.A. from SUNY Albany, an M.B.A. from New York University’s Stern School of Business, and is a Certified Public Accountant. He also holds FINRA Series 24, 7 and 63 licenses, the CSI Partners, Directors, and Senior Officers Designation (PDO).