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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.

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

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
Markit
5. Robert Goldstein
BlackRock
6. Shawn Edwards &
Vlad Kliatchko
Bloomberg
7. R. Martin Chavez
Goldman Sachs Group
8. Deborah Hopkins
Citi Ventures
9. Stephen Neff
Fidelity Investments
10. Adena Friedman
Nasdaq OMX Group
11. David Craig
Thomson Reuters
12. Daniel Coleman
KCG Holdings
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Christopher Perretta
State Street Corp.
18. Antoine Shagoury
London Stock Exchange Group
19. Kevin Rhein
Wells Fargo & Co.
20. Neil Katz
D.E. Shaw & Co.
21. Lee Olesky
Tradeweb Markets
22. Richard McVey
MarketAxess Holdings
23. Seth Merrin
Liquidnet Holdings
24. Robert Alexander
Capital One Financial Corp.
25. Frank Bisignano
First Data Corp.
26. John Marcante
Vanguard Group
27. Joseph Squeri
Citadel
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
MSCI
31. David Gledhill
DBS Bank
32. John Bates
Software AG
33. Michael Cooper
BT Radianz
34. Gary Scholten
Principal Financial Group
35. Sunil Hirani
trueEX Group
36. Hauke Stars
Deutsche BÖrse
37. Brian Conlon
First Derivatives
38. Jim Minnick
eVestment
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
MaplesFS
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
Numerix
43. Sebastián Ceria
Axioma
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
Xignite
46. Mazy Dar
OpenFin
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
OpenGamma
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy
Perseus

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