The new president of the Federation of European Securities Exchanges, the trade body for Europe’s established stock markets, is no stranger to challenges – and a good job too.

Hans-Ole Jochemsen, the president of Nasdaq OMX Nordic and executive vice president of the Nasdaq OMX Group, who was yesterday appointed to head up FESE for two-years, will have to draw on all his experience to steer the trade body through a wave of new European regulation next year.