Harts is Nasdaq executive V-P

New York: The Nasdaq Stock Market has announced that Bill Harts has been named executive vice president, corporate strategy, for the organisation. He will be responsible for initiating and developing strategic opportunities and initiatives for the Nasdaq Stock Market, and will report directly to Nasdaq chairman and CEO, Wick Simmons.

Prior to joining Nasdaq, Harts worked at Salomon Smith Barney for 10 years. Most recently, he was managing director of strategic business development for the firm's global equity division. Also, during his tenure at Salomon, he ran the brokerage firm's global portfolio trading operation worldwide.

"Bill will play a key role helping us sort through the many opportunities in front of Nasdaq as the financial markets continue to consolidate," says Wick Simmons. "His experience in developing and directing strategic initiatives will be invaluable to us as an organisation."

Harts is an expert on issues related to the financial markets, trading and applied technology, and has been a featured speaker on market structure issues at various industry forums and events. Recently, he was a member of the SEC advisory committee on market information.

Harts served as vice chairman and a member of the board of the Philadelphia Stock Exchange from 1996 through 1999. He has been a member of the board of directors of JapanCross, an electronic-trading system for Japanese equities.

He has also served on the boards of BRUT and MarketXT, as well as the managing advisory committee for Primex. Before joining Salomon, Harts worked at Goldman, Sachs and Company from 1989 to 1992. Harts lives in Bedford, New York, with his wife and two children.