Duncan Niederauer
From MarketsWiki
| Duncan Niederauer | |
| |
| Occupation | CEO |
|---|---|
| Employer | NYSE Euronext |
| Location | New York |
| Web site | www.nyse.com |
Duncan Niederauer was named CEO (effective Dec. 1, 2007) of NYSE Euronext on Nov. 14, 2007, replacing former CEO John Thain, who departed to head Merrill Lynch & Co., Inc.[1]
In a speech given at a Futures Industry Association (FIA) luncheon in July of 2008, Niederauer provided some insight into his management style. "It's OK to try some things that don't work," he said, explaining that he'd rather his employees were innovative rather than fearful of failure. He also insisted that he's open to giving people a "free pass" if a new idea fails.[2]
Background
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Prior to taking the reins as CEO of the exchange, Niederauer joined NYSE Euronext as president and co-chief operating officer in April 2007. He previously was managing director and co-head of the equities division execution services franchise at Goldman Sachs Niederauer had joined Goldman in 1985 and the equities division in 1987. He's served on the board of managers of Archipelago Holdings LLC.[3]
Education
Niederauer received a B.A. from Colgate University and an MBA from Emory University.
References
- ↑ "Biographical Sketch of Duncan Niederauer”. news.moneycentral.msn.com. Retrieved on Nov. 14, 2007.
- ↑ NYSE Euronext’s Duncan Niederauer: It’s OK to Fail. Advanced Trading. Retrieved on July 25, 2008.
- ↑ "Niederauer May Mimic Fellow Goldman Veteran Thain”. bloomberg.com. Retrieved on Nov. 14, 2007.
