ConvergEx Nabs Nasdaq Exec.

Nov 26 2013 | 10:36am ET

Hedge fund services firm ConvergEx Group has hired a top Nasdaq OMX Group executive to serve as its CEO.

Eric Noll, widely seen as a potential successor to Nasdaq CEO Robert Greifeld, was executive vice-president of U.S. and U.K. transaction services at the exchange operator. Noll's tenure wasn't an especially smooth one, as he oversaw a number of embarrassing technical failures at Nasdaq, including last year's botched Facebook Inc. initial public offering.

Noll has already been installed as president of ConvergEx and will succeed current CEO Joseph Velli as CEO by the end of the year.

"ConvergEx is a strong company with a bright future, and I am deeply honored to become part of this organization," Noll said. "One of my top priorities will be to demonstrate to our customers that we are a company that stands for strong values, transparency and, above all, putting customers' interests first."

Prior to joining Nasdaq four years ago, Noll worked at Susquehanna International Group.


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