Nasdaq (Nasdaq:NDAQ) today announced the appointment of Salil Donde as Executive Vice President and Head of Global Information Services. In this role, Mr. Donde will be responsible for leading the strategic direction of the business while managing the success and growth of Nasdaq's current data and index products. Mr. Donde will report directly to Adena Friedman, President of Nasdaq. He will be based in New York and will start on February 5.
"Nasdaq's Global Information Services business has always been about delivering unmatched market transparency and unique index solutions for our clients," said Ms. Friedman. "Salil's appointment represents our unwavering commitment to innovation and client partnerships as we continue to grow and expand our index and data offerings worldwide."
Mr. Donde joins Nasdaq with extensive experience leading technology and data companies, a diverse background in the broader financial services industry, and a proven track record of transforming companies and creating value for shareholders. Most recently, Mr. Donde was CEO of Lewtan Technologies Inc., where, in his three-year tenure, he developed and executed a new strategy to broaden the client base, increase revenues, and consolidate product platforms. Prior to his role at Lewtan, he served as CEO of Marshall & Swift/Boeckh (MSB, a MacDonald, Dettwiler and Associates Ltd. company), where he was responsible for expanding the strategic footprint and scope of the business. Prior to that, he served as President of Fiserv Life and Financial Software and Solutions. Mr. Donde has also held leadership positions at Rackley Solutions and HSB among others.
"Nasdaq has been a pioneer in delivering high quality indexes and data to customers, efficiently and affordably, and I am looking forward to building on this strong foundation," said Mr. Donde. "My goal is to broaden our reach to new clients and continue to expand Nasdaq's complementary suite of data and index products worldwide."
Nasdaq Global Information Services currently represents approximately 21 percent of Nasdaq's total annual revenues.
Earlier this month, Nasdaq announced it agreed to acquire Dorsey Wright & Associates (DWA), a market leader in data analytics, passive indexing and smart beta strategies. DWA offers model-based strategies and analysis to support the financial advisor community, and further strengthens Nasdaq's position as a leading smart beta index provider in the U.S. The deal is expected to close in the first quarter of 2015.