The 2015 Tech 50: Adena Friedman

The Nasdaq OMX Group president of global capital access, technology and insights debuts on this year’s Tech 50 ranking at No. 10.

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< The 2015 Tech 50: Racers to the Edge

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10
Adena Friedman
President, Global Capital Access, Technology & Insights
Nasdaq OMX Group
PNR

After three years as chief financial officer of private equity firm Carlyle Group, Adena Friedman came home to Nasdaq OMX Group in June 2014. She started with what was then Nasdaq Stock Market as an intern in 1993. By the time she left in 2011 for Carlyle, where she oversaw its $671 million IPO the following year, Friedman had spent more than ten years on the New York–based market operator’s management team and was instrumental in closing acquisitions, including that of Sweden-based OMX, that transformed Nasdaq into a global, multiproduct exchange and technology powerhouse. “It was a great opportunity to come back to a business I’m passionate about,” says Friedman, 45, now one of two presidents reporting to CEO Robert Greifeld. (The other, Hans-Ole Jochumsen, is president of global trading and market services.) Friedman’s global capital access, technology and insights remit encompasses nontrading businesses, including listing and information services and technology solutions. Those activities accounted for 63 percent of the company’s first-quarter net revenue of $507 million. “Technology is at the heart of what we’re doing to drive growth,” says Friedman, who has a BA in political science from Williams College and an MBA from Vanderbilt University’s Owen Graduate School of Management, and whose previous Nasdaq roles included CFO and head of corporate strategy. More than 70 marketplaces in 50 countries — and one out of ten securities transactions worldwide — run on Nasdaq technology, a business that has been boosted in recent years by demand for its BWise risk management and SMARTS surveillance systems. Regarding an initiative launched in May to explore cryptocurrency developments, Friedman says, “Posttrade solutions are there to essentially mutualize risk and carry a trade from settlement to clearing. If the blockchain can take us to real-time settlement, it fundamentally changes the nature of trading.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

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1. Jeffrey Sprecher
Intercontinental Exchange

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2. Catherine Bessant
Bank of America Corp.

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3. Phupinder Gill
CME Group

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4. Lance Uggla
Markit

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5. Robert Goldstein
BlackRock

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6. Shawn Edwards &
Vlad Kliatchko
Bloomberg

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7. R. Martin Chavez
Goldman Sachs Group

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8. Deborah Hopkins
Citi Ventures

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9. Stephen Neff
Fidelity Investments

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10. Adena Friedman
Nasdaq OMX Group

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11. David Craig
Thomson Reuters

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12. Daniel Coleman
KCG Holdings

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Christopher Perretta
State Street Corp.

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18. Antoine Shagoury
London Stock Exchange Group

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19. Kevin Rhein
Wells Fargo & Co.

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20. Neil Katz
D.E. Shaw & Co.

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21. Lee Olesky
Tradeweb Markets

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22. Richard McVey
MarketAxess Holdings

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23. Seth Merrin
Liquidnet Holdings

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24. Robert Alexander
Capital One Financial Corp.

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25. Frank Bisignano
First Data Corp.

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26. John Marcante
Vanguard Group

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27. Joseph Squeri
Citadel

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28. Lou Eccleston
TMX Group

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29. Claude Honegger
Credit Suisse

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30. Chris Corrado
MSCI

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31. David Gledhill
DBS Bank

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32. John Bates
Software AG

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33. Michael Cooper
BT Radianz

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34. Gary Scholten
Principal Financial Group

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35. Sunil Hirani
trueEX Group

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36. Hauke Stars
Deutsche BÖrse

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37. Brian Conlon
First Derivatives

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38. Jim Minnick
eVestment

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39. Lars Seier Christensen & Kim Fournais

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40. Tyler Kim
MaplesFS

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41. Jim McGuire
Charles Schwab Corp.

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42. Steven O’Hanlon
Numerix

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43. Sebastián Ceria
Axioma

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44. Yasuki Okai
NRI Holdings America

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45. Stephane Dubois
Xignite

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46. Mazy Dar
OpenFin

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47. Brian Sentance
Xenomorph Software

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48. Mas Nakachi
OpenGamma

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49. John Lehner
BNY Mellon Technology Solutions Group

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50. Jock Percy
Perseus


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