© Reuters. FILE PHOTO: Signage hangs over the buying and selling flooring on the New York Inventory Trade (NYSE) in Manhattan, New York Metropolis, U.S., August 19, 2021. REUTERS/Andrew Kelly
(Reuters) – Intercontinental Trade (NYSE:) mentioned on Monday it appointed Lynn Martin, who runs its Fastened Revenue and Knowledge Companies, as the following president of the New York Inventory Trade.
Martin will succeed Stacey Cunningham, who was the NYSE’s first feminine president, and Cunningham will be part of the NYSE’s board of administrators, Intercontinental Trade, which owns the NYSE, mentioned in a press launch.
As well as, finance and securities lawyer Sharon Bowen, an ICE and NYSE board member, will change into the NYSE’s subsequent Chair.
The management shakeup comes because the NYSE faces rising competitors from Nasdaq Inc. Nasdaq has raised a complete of $191 billion by IPOs in 2021, almost double the $109 billion raised on the NYSE, in line with knowledge from Dealogic.
Cunningham turned NYSE’s chief working officer in June 2015 and managed the corporate’s money equities markets, relationship administration, product administration, and NYSE governance providers.
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