The Nasdaq OMX Group (Nasdaq:NDAQ) has announced that Brian Hyndman will leave his post as Senior Vice President of Transaction Services US to assume the role of Senior Vice President of Global Data Products, effective April 15, 2011.
In addition, NASDAQ OMX appointed David LaValle as Vice President of Transaction Services U.S. in a newly created position overseeing NASDAQ OMX's exchange traded fund (ETF) business.
Mr. Hyndman will be tasked with leading NASDAQ OMX's Global Data efforts from both the sales and product development side. Reporting to Hans-Ole Jochumsen, Executive Vice President of NASDAQ OMX Transaction Services Nordics and Global Data Products, Hyndman will focus on both international and domestic data constituents.
"For the past seven years, Brian has done a phenomenal job running the sales team for the U.S. Transaction Services business while launching successful and innovative products such as our Opening and Closing Crosses and new trading platforms like NASDAQ OMX BX and NASDAQ OMX PSX. Brian was instrumental in these efforts which have contributed to a new market structure and a more competitive U.S. trading landscape," commented Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX. "The transition to run the Global Data Products sales team is a natural fit for Brian and I am certain customers will benefit from his business experience and hands-on customer focus."
David V. LaValle was appointed to oversee the ETF trading business and will focus on furthering the listing of ETFs while working with the market making community along with the many strategic constituents that interface with exchange traded funds. David will be working across the various NASDAQ OMX business lines including the NASDAQ OMX Indexing, Listing, Capital Markets and Trading businesses. Mr. LaValle reports to Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX.
"Furthermore, I am excited about Mr. LaValle's new position focused on the ETF business. David joins NASDAQ OMX with over 11 years of capital markets experience in national exchange and broker dealer environments. Most recently, David was a Managing Partner at Kellogg Group, overseeing the firm's NYSE Amex Equity Unit in addition to filling various operational roles and we are certain that he will be instrumental in growing and managing all aspects of the ETF trading business for NASDAQ OMX," Noll added.
The NASDAQ OMX Transaction Services sales team will report to Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX until the Senior Vice President role is filled.