Young exits Bloomberg after less than a year

Young exits Bloomberg after less than a year

Stanley Young has departed Bloomberg less than a year after jumping ship as CEO of Nyse Technologies to become chief executive of the market data vendor's enterprise products and solutions division.

Young joined Bloomberg in June last year after four-year stint at Nyse Technologies where he oversaw a $500 million spend on rehousing the Big Board's core technology at two new data centres in New Jersey and the UK.

It's understood that Bloomberg was looking to use Young's expertise to spearhead a push into the fast-growing enterprise data management business in the wake of its acquisition of reference data outfit PolarLake.

The reasons for his sudden departure are unknown. In a statement, Bloomberg says: "Stanley Young joined Bloomberg to help broaden our enterprise offerings and strategy. As part of that initiative, he helped us successfully combine our reference data, pricing and real-time feeds business. We are grateful to Stanley for his contributions and wish him well in his future endeavors."

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