Nasdaq Appoints Ex-Bank Of America Merrill Lynch Exec As New CFO

Nasdaq has appointed Lee Shavel, an 18-year veteran of Bank of America Merrill Lynch, as chief financial officer and EVP of Corporate Strategy.

Shavel will join NASDAQ OMX effective May 23, 2011. Former NASDAQ OMX CFO David Warren will continue to serve as special advisor to the CEO and Ronald Hassen, SVP, Controller and Principal Accounting Officer will continue to serve as CFO in the interim.

"Lee has been a valued advisor to NASDAQ OMX for the past seven years on a variety of mergers and acquisitions, funding and capital transactions," said Bob Greifeld, CEO of NASDAQ OMX. "He brings both broad financial expertise and strategic perspective across key asset classes such as cash equities, commodities, derivatives and fixed income. We're pleased to have Lee join NASDAQ OMX in this critical role."

"I am thrilled to have the opportunity to join this exceptional management team which is known for its competitive success and delivering for its shareholders," said Shavel. "I look forward to contributing to that effort as CFO at NASDAQ OMX."

Shavel joins NASDAQ OMX from Bank of America Merrill Lynch where he served as Americas Head of Financial Institutions Investment Banking. Previously, he was Head of Finance, Securities and Technology and Global Chief Operating Officer for the Financial Institutions Group at Merrill Lynch.

Shavel has advised on many notable securities industry transactions, NASDAQ said, including the sale of the New York Mercantile Exchange (NYMEX) to CME Group, the sale of International Securities Exchange (ISE) to Deutsche Borse, the acquisition of BRUT by NASDAQ and the merger of Archipelago and REDIBook. In addition he has advised on IPOs for NASDAQ, NYMEX, ISE, MF Global, Instinet and Archipelago and significant financings for NASDAQ, BNY Convergex, NYSE Euronext and CME Group among others.

Shavel joined Merrill Lynch in 1993 as an Associate, coming from Citicorp where he worked as an Associate in the Financial Institutions Group. He graduated with honors from the University of Pennsylvania with a B.S. in Economics from The Wharton School of Finance and a B.A. in English.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio