Joseph S. Rizzello
|Joseph S. Rizzello|
|Occupation||Chief Executive Officer|
|Employer||National Stock Exchange (NSX)|
In October 2006, Joseph S. Rizzello was named chief executive officer of the National Stock Exchange (NSX), one of the largest stock markets in the United States, and the first all-electronic stock exchange. He was also the chairman of the board of directors and the chief executive officer of NSX Holdings Inc.
On Jan. 5, 2012, the SEC approved the planned CBOE Stock Exchange (CBSX) buyout of NSX. The definitive agreement behind the acquisition was announced on Sept. 29, 2011. The acquisition was approved by CBSX and NSX boards of directors and was waiting on the SEC's blessing.
Rizzello was formerly a special advisor to the NSX CEO and board of directors. From January 2001 to December 2003, he was a managing director of Pershing LLC, a Bank of New York subsidiary and a global provider of securities processing and investment-related products and services. In addition, he was president of Pershing Trading Company LP from January 2002 to December 2003. Before that, he was a principal at Vanguard Brokerage Services, the brokerage arm of The Vanguard Group Inc., where he was in charge of Vanguard's broker-dealer from 1998 to 2001.
Rizzello was executive vice president of business development, products development and strategy at the Philadelphia Stock Exchange from 1985 to 1998, and the president of the Philadelphia Board of Trade, the Philadelphia Stock Exchange"s futures subsidiary from 1987 to 1998. He was employed by Thomson McKinnon Securities Inc. from 1974 to 1985 and served as vice president of sales and branch manager there.
He has also served on a number of boards including the International Visitors Council, the Community College of Philadelphia Foundation, Temple University"s Business Curriculum Advisory Board and the Philadelphia chapter of the Pennsylvania Partnership on Economic Education.