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.
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