Urban Bäckström

Urban Bäckstrom has been Chairman of OMX's Board of Directors since April 2007 and a Board member since 2005. Between April 2005 and April 2007, he served on the Audit Committee and in April 2007, he was appointed to the Remuneration Committee. He is currently, since June 1, 2005, also Managing Director of the Confederation of Swedish Enterprise, a pro-business non-profit organization representing 54,000 Swedish companies. Between 1991 and 1993, Mr. Bäckstrom was State Secretary in the Ministry of Finance in Sweden. From 1994 to December 31, 2002 Mr. Backstrom was Chairman and Governor of The Swedish Central Bank. During that period he also served on the Board of Bank for International Settlement, as a Board Member from 1994 to 1999 and as Chairman from 1999 to 2002. He also represented Sweden as Governor of the International Monetary Fund, in the Group-of-ten, in the European Monetary Institute, a forerunner to the European Central Bank (ECB) between 1995 and 1998 and in the General Council of ECB between 1999 and 2002. Mr. Bäckstrom was, in accordance with the Swedish Central Bank Act, restricted from seeking employment for ten months after leaving the Central Bank. From November 1, 2003 he was Chief Executive Officer of Skandia Liv, one of the largest life insurers in Sweden. Mr. Bäckstrom received his Bachelor of Science in Economics from Stockholm University in 1979 and studied Ph.D. courses in economics at Stockholm University and the Stockholm School of Economics between 1979 and 1981.