Carlyle Veteran to Helm Nasdaq’s GIS Unit05.07.2019
Nasdaq today announced an update to its executive leadership team. Lauren Dillard, most recently Head of Investment Solutions at The Carlyle Group, will join Nasdaq as Head of Global Information Services (GIS). As announced separately, Bjørn Sibbern, former Executive Vice President for Global Information Services, will assume a newly established role as President, European Markets, based in Stockholm.
“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,” said Adena Friedman, President and CEO, Nasdaq. “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.”
In her new role, Dillard will build upon the success of Nasdaq’s Global Information Services business, which includes:
- Growing the footprint of Nasdaq Indexes globally;
- Expanding the reach of Nasdaq’s Information Services beyond its traditional segments of market data feeds and indexes, through extension of the Investment Data and Analytics business, including continued expansion of investment analytics with eVestment and alternative data with Quandl; and,
- Increasing 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.
Dillard will be based in New York City and will begin her role at Nasdaq on June 17.
“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,” said Dillard. “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.”
Dillard most recently served as Head of the Investment Solutions unit at The Carlyle Group, where she 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. She served as a member of Carlyle’s Management Committee and played significant roles on other committees across Carlyle during her tenure. She previously served as Carlyle’s COO and CFO of Investment Solutions, and led the firm’s global tax and equity units. Prior to joining The Carlyle Group in 2002, Dillard served in the tax practice of Arthur Andersen.
Nasdaq’s Global Information Services represents approximately $714 million or 28 percent of Nasdaq’s total annual net revenues, according to the 2018 annual report. It includes market data from equity and options markets, index licensing that enables the creation of ETFs and other lower-cost investment products, and analytics from outside the traditional public market spheres. It includes Richmond, Virginia-based Nasdaq Dorsey Wright, Atlanta-based eVestment, and Toronto’s Quandl.
The new office will support the major European markets.
The new consultancy to specialize in AI-based risk management.
The OTC exchange's frac sand market data is now available via the vendor.
Exchange group is applying technology beyond capital markets.
The new exchange boasts transaction speeds of 225,000 per second per trading pair.