Nasdaq OMX Group Inc
Lee Shavel replaces key Nasdaq dealmaker and former CFO Adena Friedman who left the exchange operator earlier this year for private equity firm Carlyle Group
Shavel, who will also be executive vice president of corporate strategy, has advised Nasdaq over the last seven years on various M&A, funding and capital transactions. At Bank of America, he served as the Americas head of financial institutions investment banking.
Shavel's appointment, which is effective May 23, will bring a deals expert to Nasdaq Chief Executive Bob Greifeld's side as he tries to wrest away the Big Board parent from a deal with Deutsche Boerse
Nasdaq has teamed up with IntercontinentalExchange Inc
Shavel has advised on several major deals in the sector, including the sale of the New York Mercantile Exchange to CME Group
He has also advised on the initial public offerings for companies including Nasdaq, NYMEX and MF Global
Former Nasdaq CFO David Warren will continue to serve as special adviser to the CEO, and Ronald Hassen, senior vice president, controller and principal accounting officer will continue to serve as CFO in the interim.
Nasdaq's shares closed up 5 cents, or 0.2 percent, at $27.81.
(Reporting by Paritosh Bansal; Editing by Steve Orlofsky, Bernard Orr)