SWEDEN- Nordea Securities has announced the appointment of HSBC’s former head of European equities Frans Lindelow who joins the Nordic group in Stockholm as global head at the beginning of September.

In his new role Lindelow will have around 650 staff beneath him. Lindelow replaces Tom Ruud who left the position several months ago to join the management team responsible for the entire Nordea Group. Since Ruud’s move, a management team of three has been filling the post.

Prior to joining Nordea, Lindelow was with HSBC in London as managing director and head of European equities. Peter Marsh replaced Lindelow following his departure.