Nasdaq has announced that Bjørn Sibbern, currently Executive Vice President for Global Information Services, will assume the newly established role of President, European Markets, based in Stockholm. Replacing him will be Lauren Dillard, based in New York. The Global Information Services business is the company’s second largest business segment.
Sibbern will be responsible for managing trading, clearing, settlement, and data businesses in Sweden, Denmark, Finland, Iceland, and the three Baltic countries as he leads the firm across the Nordic and Baltic region in addition to leading Nasdaq’s effort to expand its presence and influence across the European region.
Adena Friedman, President and CEO at Nasdaq, commented:
“Our European markets are strategically and financially important to our global business. Bjørn will bring his extensive markets experience and strong leadership capabilities to deepen our relationships with clients and regulators and create new opportunities to expand our business. Today’s announcement showcases our long term commitment to driving growth in our European markets.”
While at Global Information Services, Sibbern led the acquisitions of eVestment and Quandl. Prior to that, he led Nasdaq’s Global Commodities trading business, served as the President of the Copenhagen Stock Exchange, managed the European cash equities and derivatives markets, and oversaw Nasdaq’s European market data business.
“Focusing on client relationships and listening to their broader needs will be important as we build upon our business across the European region. Nasdaq has a proven track record of enhancing economic growth across Europe. We will use this expertise to fuel opportunities for our clients, support the growth of small and medium enterprises, and build on our leadership in data and technology”, said Sibbern.
Lauren Dillard joined Nasdaq from The Carlyle Group, where she was Head of Investment Solutions and managed more than $40 billion in assets and 200 professionals across offices in six countries. Under her leadership, Investment Solutions revenue increased more than three-fold over three years.
Now, as Head of Global Information Services (GIS) at Nasdaq, she will be required to grow the footprint of Nasdaq Indexes globally, expand the reach of Nasdaq’s Information Services through the extension of the Investment Data and Analytics business such as eVestment and Quandl.
Dillard will also look to increase market access to millions of new investors through new and expanded data relationships with large retail brokers in the U.S., Asia and other regions.
“Nasdaq is one of today’s foremost leaders in using data and information management to make markets more accessible for traders and investors, and as a client, I have seen the important work that the Nasdaq Information Services team does. Joining the Nasdaq team means having a direct hand in leading the future innovation of the capital markets globally, as well as bringing investment management experience to continue the company’s client-focused culture that has proven tremendously valuable”, said Dillard.
Nasdaq CEO Friedman added: “Data, information and analytics are driving the markets of the future, and they are an essential part of Nasdaq’s mission to make markets more fair and accessible. As trading and investment professionals navigate an increasingly complex capital markets ecosystem, Nasdaq will benefit tremendously from Lauren’s extensive investment management experience. Her role in building and leading Carlyle’s investment solutions business, its fund-of-funds, co-Investment and secondary funds, will bring new perspectives and leadership experience to drive global growth and expansion of our Information Services business.”