The Nasdaq OMX Group (Nasdaq:NDAQ) today announced that Mary McDermott-Holland has been appointed as Vice President of Nasdaq OMX Transaction Services.
Ms. McDermott-Holland will join NASDAQ OMX effective April 6 and report to Eric Noll, Executive Vice President of NASDAQ OMX Transaction Services.
Ms. McDermott-Holland will manage the institutional investor relationships of the U.S. Transaction Services business acting as the liaison to the Institutional Traders Advisory Council (ITAC) as well as representing NASDAQ OMX at industry conferences and events.
"Mary is an industry leader and a well-known name amongst institutional traders," said Eric Noll, Executive Vice President of NASDAQ OMX. "We expect Mary to have a near-immediate impact on our thinking around market structure and our larger relationship to the institutional investor community. Working with our traditional broker-dealer client base, Mary can service that community's needs more effectively. We are very pleased to have her on board."
Ms. McDermott-Holland joins NASDAQ OMX from Mellon Capital Management where she served as Director and Trading Manager. Previously, she was Senior Vice President at Franklin Portfolio Associates before its merger with Mellon Capital in January, 2009. During her 28-year career, she was Head of Institutional Trading and focused on execution, transaction costs, process improvement, systems enhancement and client service. She also managed relationships with brokers, vendors and venues.
Mary has served the industry in many capacities including Past Chairman of the Security Traders Association, President of the Boston Securities Traders Association, Board Member of the Boston Stock Exchange, Member of the New York Stock Exchange Institutional Traders Advisory Committee and Allocation Committee, Co-Chair of NASDAQ's Quality of Markets Committee, Member of Trader Forum's Advisory Committee, Member of the Investment Company Institute's Equity Markets Advisory Committee and was the founding Chairman of NASDAQ's Institutional Traders Advisory Committee. Mary is a member of the National Organizatioion of Investment Professionals and currently serves on Fordham University's Business Advisory Council.