Nasdaq employs Coburn as head of sales

New York: The Nasdaq Stock Market has announced that Theodore J Coburn has joined Nasdaq as senior vice president and head of sales in the corporate client group - one of Nasdaq's three core businesses and the area responsible for servicing Nasdaq's listed companies. Coburn will lead strategic initiatives to attract companies to list on the Nasdaq Stock Market. Coburn reports to Nasdaq vice chairman, David Weild.

Says Weild: “Ted brings to Nasdaq exceptional experience in investment banking, capital markets and institutional investment management and global equity finance. His expertise will benefit our listed clients and employees as we strive to build an institution that is distinguished for its ability to best help companies drive shareholder value. Ted is well respected in the industry and we are proud to have him join the largest stock market in the world.“

Prior to joining Nasdaq, Coburn was president of the Coburn Group Inc, an investment banking advisory firm specialising in advising emerging growth companies on all aspectsof their developmental plans, including private placements, mergers and acquisitions, seed financing, institutional equity and debt placements and initial public offerings. He was senior vice president and on the board of directors of Prudential Securities, where he headed the Global Equity Transaction Group, overseeing the company's new issue-equity activity throughout the world.

Previously, Coburn was a managing director at Merrill Lynch Capital Markets, where he was responsible for global equity underwriting. He began his career at Kidder, Peabody and Company in their corporate finance department before joining Becker, Paribas, in the Capital Markets Group.

Active in his community, Coburn is a director and trustee of several philanthropic organisations, including the Martha Graham Dance Company and Centre, the Chamber Dance project, and the Harvard Rally Project. He is also a director of the Nicholas-Applegate Fund, Dresdner RCM Global Funds and Dresdner RCM Global Strategic Income Fund.

Coburn earned a BS in finance from University of Virginia, an MBA from Columbia University Graduate School of Business, a masters of education from Harvard University School of Education and a masters in divinity from Harvard University Divinity School.

Nasdaq's corporate client group (CCG) is responsible for establishing and maintaining relationships with Nasdaq's listed companies through the delivery of high quality, value-added services as it relates to the Nasdaq Stock Market. CCG is also responsible for retaining and attracting new companies to list on Nasdaq. Nasdaq has continued to be the leader in the IPO market, capturing 83 per cent of IPOs over the last five years.

CCG plans to launch a new corporate client centre in 2002 that will provide listed companies with a central point of instant, value-added information about activity in its stock and other valuable market information. Through the use of computer telephony and other information systems, the corporate client centre will leverage Nasdaq's current customer relationship management.