Nasdaq’s Number Two Stepping Down To Join PE Firm

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Nasdaq’s Number Two Stepping Down To Join PE Firm
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FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) Executive Vice President of Transaction Services Eric Noll is stepping down. Gasparino went on to report that “Mr. Noll is leaving for a private equity firm” and that “the announcement is likely to be made after 4:00PM today.” Gasparino said, that before today Noll was the successor to NASDAQ CEO Robert Greifeld.

Excerpts from the report are below:

Hedge Fund Launches Jump Despite Equity Market Declines

Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More

On Eric Noll stepping down:

He is definitely Bob Greifeld number two, his name is Eric Noll. He is essentially the heir apparent to Bob Greifeld, or was before today, if Bob Greifeld were to step down. From what we understand Mr. Noll is leaving for a private equity firm, we don’t know which firm it is, but sources inside the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) tell us that he is definitely going. The announcement is likely to be made after 4:00PM today, but this is a kind of an interesting thing. I mean the first reaction a lot of people have when I told them about this is that Eric is leaving because he is taking the fall for some of the problems that NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is having, losing the Twitter Inc (NYSE:TWTR) IPO, technological glitches that hurt not only the Facebook Inc (NASDAQ:FB) IPO, but following that – remember they had the big sort of outage that occurred…I don’t believe that’s the case. I am still reporting this out.”

On who Greifeld is looking at to replace Noll:

“He’s got both internal and external candidates for this job and obviously he’s very much aware that he needs a successor just in case he gets hit by a car.”

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