The Nasdaq OMX Group has appointed Lee Shavel, an 18-year veteran of Bank of America Merrill Lynch (BofA Merrill), as chief financial officer (CFO) and executive vice president (EVP) of corporate strategy, effective 23 May 2011. Former Nasdaq OMX CFO David Warren will continue to serve as special advisor to the chief executive officer (CEO), Bob Greifeld, and Ronald Hassen, senior vice president (SVP), controller and principal accounting officer will continue to serve as CFO in the interim.
Shavel joins from BofA Merrill, where he served as Americas head of financial institutions (FIs) investment banking. Previously, he was head of finance, securities and technology and global chief operating officer (COO) for the FIs group at Merrill Lynch. Shavel has advised on many notable securities industry transactions, including the sale of the New York Mercantile Exchange (NYMEX) to CME Group, the sale of International Securities Exchange (ISE) to Deutsche Borse, the acquisition of BRUT by Nasdaq and the merger of Archipelago and REDIBook. In addition, he has advised on IPOs for Nasdaq, NYMEX, ISE, MF Global, Instinet and Archipelago and significant financings for Nasdaq, BNY Convergex, NYSE Euronext and CME Group among others.
Shavel joined Merrill Lynch in 1993 as an associate, coming from Citicorp where he worked as an associate in the FIs group. He graduated with honours from the University of Pennsylvania with a BS in Economics from The Wharton School of Finance and a BA in English.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more