Growth and Expansion of Products and Distribution Among Key Goals
NEW YORK, Jan. 14, 2015 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) today announced the appointment of Salil Donde as Executive Vice President and Head of Global Information Services. In this role, Mr. Donde will be responsible for leading the strategic direction of the business while managing the success and growth of Nasdaq’s current data and index products. Mr. Donde will report directly to Adena Friedman, President of Nasdaq. He will be based in New York and will start on February 5.
“Nasdaq’s Global Information Services business has always been about delivering unmatched market transparency and unique index solutions for our clients,” said Ms. Friedman. “Salil’s appointment represents our unwavering commitment to innovation and client partnerships as we continue to grow and expand our index and data offerings worldwide.”
Mr. Donde joins Nasdaq with extensive experience leading technology and data companies, a diverse background in the broader financial services industry, and a proven track record of transforming companies and creating value for shareholders. Most recently, Mr. Donde was CEO of Lewtan Technologies Inc., where, in his three-year tenure, he developed and executed a new strategy to broaden the client base, increase revenues, and consolidate product platforms. Prior to his role at Lewtan, he served as CEO of Marshall & Swift/Boeckh (MSB, a MacDonald, Dettwiler and Associates Ltd. company), where he was responsible for expanding the strategic footprint and scope of the business. Prior to that, he served as President of Fiserv Life and Financial Software and Solutions. Mr. Donde has also held leadership positions at Rackley Solutions and HSB among others.
“Nasdaq has been a pioneer in delivering high quality indexes and data to customers, efficiently and affordably, and I am looking forward to building on this strong foundation,” said Mr. Donde. “My goal is to broaden our reach to new clients and continue to expand Nasdaq’s complementary suite of data and index products worldwide.”
Nasdaq Global Information Services currently represents approximately 21 percent of Nasdaq’s total annual revenues.
Earlier this month, Nasdaq announced it agreed to acquire Dorsey Wright & Associates (DWA), a market leader in data analytics, passive indexing and smart beta strategies. DWA offers model-based strategies and analysis to support the financial advisor community, and further strengthens Nasdaq’s position as a leading smart beta index provider in the U.S. The deal is expected to close in the first quarter of 2015.
About Nasdaq Global Information Services
Nasdaq Global Information Services (GIS) leverages reliable, scalable technology and robust distribution channels to provide comprehensive benchmarks and market data solutions across asset classes and regions. We equip financial institutions and investors with essential market transparency to make informed decisions. Our Global Data Products (GDP) business provides innovative real-time and historical market data products, as well as analytic data solutions designed to meet new industry challenges. In addition, Nasdaq Global Index Group (GIG) spans geographies and asset classes to support financial product sponsors across a wide-spectrum of investable products and asset managers that measure risk and performance. Our diverse families include the Dividend Achievers, Global Equity, Fixed Income, Nordic, Green Economy, Sharia and Commodity Indexes, based upon rules-based, transparent methodologies.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or business.nasdaq.com.
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Source: NASDAQ OMX via GLOBE NEWSWIRE