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CapMan recruits former OMX boss

The former president of Scandinavian exchange OMX is joining the quoted Finnish alternative assets manager to head its planned fund for investing in listed stocks.

Nordic private equity firm CapMan has recruited Jukka Ruuska, the president of the OMX Nordic Exchanges, following the company’s merger with US exchange NASDAQ in early March 2008.

He will join CapMan no later than September 2008 to head CapMan’s business development project to establish a fund investing in Nordic listed companies. The fund would look to create value using private equity techniques in a similar way to fund launched by 3i last year.

Ruuska has been president of the OMX Nordic Exchanges since 2003, when the Helsinki Stock Exchange and the Stockholm Stock Exchange parent company OM were merged. He has also been president of the Stockholm Stock Exchange since 1 January 2005. He joined the Helsinki Stock Exchange as president and chief executive in 2000.

As of February 2008 he was appointed executive vice president of transaction services Europe in the NASDAQ OMX Group.

Ruuska held various positions since 1988 in telecommunications groups HTC and Finnet Group, investment bank Prospectus and KOP Bank.