Jiway, the newly launched pan-European stock exchange owned by Morgan Stanley Dean Witter and OM Gruppen, the owner of the Stockholm Stock Exchange, has named Per Swensson as its new chief executive.

Swensson is the founder of NeoNet Holdings, which provides electronic access for institutional investors to the Nordic and German stock exchanges. The appointment follows the announcement last month of another heavy weight name - Lynton Jones, previously from International Petroleum Exchange, was named chairman of Jiway.