Additionally, he will also serve as the chairman of the supervisory council of Nasdaq OMX Tallinn, which manages the main stock exchange in Estonia and owns the Estonian Central Securities Depository (CSD).

Commenting on the appointment, Nasdaq OMX Tallinn supervisory council chairman and Nasdaq OMX Baltic market head Arminta Saladžiene jointly said the company aims to support firms looking to access capital, foster greater investment and provide opportunities for investors.

With more than 16 years of experience in the financial services industry and 11 years in management, Klettenberg will focus on issues that are critical for a stable and attractive investment environment in Estonia.

Prior to joining the exchange, he was working for Svenska Handelsbanken as the general manager of the Estonian branch for over four years.

Before that, he supervised the corporate banking unit of the same branch, as well as worked with SEB Pank as the head of the credit analysis department and as a financial specialist and a credit risk analyst.

The Nasdaq OMX Group owns and operates 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products, in the US and Europe.