Adena T. Friedman
Adena T. Friedman is the president and chief executive officer of Nasdaq. She assumed that role on January 1, 2017 and is a member of the board of directors. She replaced Bob Greifeld, who became chairman of the board. In taking over the CEO role, Friedman became the first female chief executive of a major U.S. exchange operator.
In December 2022, the Nasdaq board unanimously elected her chair of the board of directors, effective January 1, 2023, in addition to her role as CEO and president. She succeeded Michael R. Splinter, who was elected lead independent director of the board.
She was previously president and chief operating officer of Nasdaq, starting in November of 2015.
Earlier, Friedman served as co-president of Nasdaq, along with Hans-Ole Jochumsen. In that role, she was responsible for overseeing the strategy and operations as well as having financial responsibility for the company’s listing services, information services and technology solutions. She rejoined Nasdaq in 2014 in that role after having been chief financial officer and managing director of The Carlyle Group beginning in March 2011.
She played an important role in Nasdaq's acquisition of OMX, the Nordic exchange, as well as PHLX, the US options exchange, and INET, the electronic trading platform.
She gave a TED Talk in April of 2019 called "What's the future of capitalism?"
Friedman's interest in the financial industry began when she visited her father's office at T. Rowe Price as a child. In college she majored in political science and interned for her congressman and then Al Gore, but later became disillusioned with politics. She was fascinated by finance and marketing, however.
She has spent most of her career at Nasdaq, which she joined in 1993 as an intern after completing business school.
Before assuming the role of CFO, she was executive vice president of corporate strategy and global data products at Nasdaq OMX Group. She served as senior vice president of Nasdaq data products from January 2001 to January 2002, vice president of OTC Bulletin Board, Mutual Fund Quotation Service and NasdaqTrader.com from January 2000 to January 2001, director of OTC Bulletin Board and Mutual Fund Quotation Service from August 1997 to January 2000 and marketing manager overseeing marketing efforts to broker-dealers from April 1995 to August 1997.
MarketsWiki Education Video, July 2016
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"Today, exchanges are, at their core, technology companies as well as marketplaces."
Adena Friedman loves working with interns. After all, she began her career as an intern at Nasdaq a number of years ago. Now, she serves as the exchange group's president and chief operating officer. So when she was asked to deliver a welcome address and opening talk at the MarketsWiki Education World of Opportunity intern event in July 2016, she jumped at the chance.
Friedman inspired the group of young folks by offering a contemporary look at today's exchanges, which are much more than a place where buyers and sellers come to exchange shares, but rather technology companies that drive not only capital formation but social responsibility and disruptive innovation as well.
Or, as Friedman puts it, "we are where money meets ideas."
Friedman earned an M.B.A. from Owen Graduate School of Management, Vanderbilt University, in Nashville, Tennessee. She holds a B.A. in political science from Williams College in Massachusetts.
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