(Reuters)-The Intercontinental Exchange (NYSE :) said Monday that it has appointed Lin Martin, a fixed income and data services operator, as the next president of the New York Stock Exchange.
Martin will replace Stacey Cunningham, the first female president of the New York Stock Exchange, and Cunningham will join the New York Stock Exchange’s board of directors, the Intercontinental Exchange, which owns the New York Stock Exchange, presses. Said in the release.
In addition, Sharon Bowen, a financial and securities attorney on the board of the ICE and NYSE, will be the next chair of the NYSE.
The leadership turmoil is due to the NYSE facing intensifying competition with Nasdaq Inc. According to Dealogic data, Nasdaq raised a total of $ 191 billion through an IPO in 2021, almost double the $ 109 billion raised by the NYSE.
Cunningham was appointed Chief Operating Officer of the NYSE in June 2015, managing the company’s cash stock market, relationship management, product management, and NYSE governance services.
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ICE Appoints Lynn Martin President of NYSE By Reuters
https://www.investing.com/news/stock-market-news/ice-appoints-lynn-martin-president-of-the-nyse-2701908 ICE Appoints Lynn Martin President of NYSE By Reuters