Nasdaq Announces New Corporate Structure, Splits into Three Divisions
Nasdaq, Inc. announced that it is organizing its business units into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime.
This new structure will align the company more closely to the foundational shifts that are driving the evolution of the global financial system and evolving client needs.
"The financial system is being transformed by the modernization of markets, corporate and investor focus on long-term value creation, and the growing importance of protecting the system's integrity,"said Adena Friedman, President & CEO of Nasdaq."The value created by our strategy over the past five years has given us the confidence to accelerate our efforts in our major growth areas through this new corporate structure, with our ultimate goal to become the trusted fabric of the financial system."
The new corporate structure will take effect by the end of the Fourth Quarter 2022 with corresponding executive appointments taking effect on January 1, 2023.
Market Platforms will include Nasdaq's North American and European Market Services, Market Infrastructure Technology, as well as two new growth pillars: Digital Assets and Carbon Markets. Capital Access Platforms will combine Nasdaq's Corporate Platforms and Investment Intelligence businesses. Anti-Financial Crime will include Verafin, the fraud detection and anti-money laundering solution, which serves over 2,200 banks and credit unions, as well as Nasdaq's world-leading market and trade surveillance products serving over 200 brokerage firms, regulators, and exchanges.
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