Nasdaq's New Europe Platform Names Compliance Chief

Nasdaq OMX Group said it hired Steve Matthews from Credit Suisse to be chief legal and compliance officer for its Pan-European Market initiative, a new multi-market trading platform slated for launch in September.

Matthews was a senior compliance officer at Credit Suisse in London. An attorney, he previously co-led Citigroup's core control group in London and spent nearly four years at the UK Financial Services Authority.

Nasdaq OMX announced its Pan-European Market in March and plans to launch in September, pending FSA approval. The platform will initially handle approximately 300 of the most actively traded European blue chip shares, linking European liquidity pools across markets and borders.