Estonia, Financial Services, Investments, Legislation

"A huge thank-you to all the cooperation partners and colleagues for the opportunity of working and achieving with you," Klettenberg said. "It has been a tremendously interesting time both in terms of challenges and results. Nasdaq Baltic certainly provides the most transparent and trustworthy marketplace for companies in need for capital and investors seeking for good investment opportunities. I wish Nasdaq Baltic many more successes for the future," he added.

Klettenberg was elected as chairman of the management board in March 2013. In addition to chairing Nasdaq Tallinn, he was responsible for the operations of the Baltic central securities depositories.

"Rauno Klettenberg has led Nasdaq Tallinn and been part of the Nasdaq Baltic management team in dynamic times: a high-caliber listing of LHV Group, in essence a re-launch of the alternative marketplace by opening the First North bond market, and holding a high-level international forum to honor the 20th anniversary of the Tallinn Stock Exchange, to name just a few most recent achievements," said Arminta Saladziene, the head of Nasdaq Baltic Market. "I'm very grateful to Rauno for all the effort and enthusiasm he has put into developing the Baltic capital market throughout his time at Nasdaq, and wish him all the best in his future endeavors," she added.

Klettenberg's last day in the position will be June 30. A new chairman will be chosen soon.