Nasdaq Europe expands operations

London: Nasdaq Europe SA/NV (www.nasdaqeurope.com) has announced a major restructuring and expansion of its sales and customer service operations. The expansion involves the creation of three business development teams, which include issuer services, member services and a new market data services team. In addition to providing existing members and issuers with improved levels of service, these teams will also be responsible for generating new listings and members.

The sales teams will have geographical assignments across Europe and will be key drivers of business development in various regions. The overall responsibility for each region will be allocated to three new managing directors, two of which have already been appointed.

Daniel Pouget joins as a managing director responsible for France, Belgium, Luxembourg, French-speaking Switzerland and Spain. He has over 30 years of experience in the financial world and was previously CEO of Instinet France for eight years. He will be based in Nasdaq Europe's Paris office.

David J Gandy is appointed as managing director for the UK, Ireland, the Nordics and the Netherlands. David was previously with Reuters as global managing director of the equities and fixed income business and lately as MD, commercial and business strategy, for Global Accounts. He has over 20 years of experience of working in the financial world and has lived and worked in six countries. He will be based in Nasdaq Europe's London office.

Nasdaq Europe will announce the appointment of a third managing director to cover the German-speaking part of Europe (including Germany, Austria and Switzerland) shortly.

Commenting on these developments, Nasdaq Europe CEO Mike Sanderson said: "This is an exciting moment for Nasdaq in Europe. With the introduction of the ETS and last year's activity, we have now assembled the necessary foundation to create an attractive commercial offering. Whilst 2002 will see further progress and activity as we develop Nasdaq's European operation, we are also now focusing on generating new issuers and members and raising the levels of service for existing customers. David and Daniel's experience shows that they are both exceptionally qualified to drive this process forward and I am delighted to welcome them to the exchange."

Nasdaq Europe, a subsidiary of the Nasdaq Stock Market, has been designed as a truly pan-European exchange. Its unique structure and independence from any national market place make it a perfect fit for innovative companies and forward-looking investors across Europe and beyond.

The market operates on a pan-European basis, with a unified infrastructure including a single Rule Book, a single membership, a dedicated trading platform, and a seamless link to cross-border trading and settlement.