Indars Aščuks, the head of Baltic Markets Development at NASDAQ OMX, is appointed as NASDAQ OMX Armenia Supervisory Board Member, the stock exchange informs.

Mr. Indars Aščuks joined NASDAQ OMX Riga (former Riga Stock Exchange) in 2001 as Strategic Projects Manager and since then has held various positions, heading the Market Services department and participating to Management Boards of the Riga Stock Exchange and Latvian Central Securities Depository.

Mr. Aščuks also holds the position of Deputy Chairman of Management Board at NASDAQ OMX Riga and since November, 2011, is also the Chairman of the Management Board at the Latvian Central Securities Depository.

Mr. Aščuks has graduated from Stockholm School of Economy in Riga and holds the Master degree from Latvian University.