Nasdaqs significant new appointments

New York:The Nasdaq Stock Market (www.nasdaq.com) has announced appointments to two positions that represent significant additions to Nasdaq's operation.

Ronald Hassen has been appointed senior vice president and corporate controller. He will be responsible for all accounting operations, including external financial reporting, payroll, accounts receivable and billing. He reports directly to Nasdaq chief financial officer David P Warren.

Paul Warburg has been appointed vice president of investor relations. He is responsible for leading all activities related to Nasdaq's shareholder base, including material news dissemination and interaction with financial analysts. Warburg also reports to Warren.

"These appointments are significant in building our financial infrastructure, as Nasdaq moves towards becoming a standalone, investor-owned company," says Warren. "Ron has an enormous amount of experience in accounting and financial reporting and will be a tremendous asset in our newly-structured environment. Paul brings extensive experience in finance and in creating strategic investor relations programmes. We are delighted to have these high-calibre professionals join our team."

Hassen comes to Nasdaq from Deutsche Bank North America, where he had been employed since 1989. He held a variety of positions there, serving most recently as managing director and controller. Hassen holds a BBA in accounting from Bernard M Baruch College and an MBA in finance from Long Island University.

Before joining Nasdaq, Warburg held the position of vice president of finance and operations at 24/7 Media, and held a series of increasingly senior positions at Pitney Bowes. He received his BA and MBA from Boston University and spent a year abroad studying at the University of St Andrews in Scotland.