NEW YORK, June 12, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced that it has hired James Ogilvy-Stuart as its Head of Asia Pacific. Based in Hong Kong, Ogilvy-Stuart will be responsible for NASDAQ(R)'s new listings business throughout the Asia Pacific region. He will report to Charlotte Crosswell, Head of NASDAQ International. Ogilvy-Stuart takes up his position on July 3rd, 2006.
Ogilvy-Stuart joins NASDAQ after 17 years at Bloomberg L.P, where latterly he was the Regional Sales Manager for North Asia Pacific. Until recently, he oversaw all sales operations for Hong Kong, China, Korea, Thailand and the Philippines. He established and managed Bloomberg's Asia Pacific Advisory Board and was responsible for the company's regional senior relationships with local government and regulatory bodies.
Charlotte Crosswell, Head of NASDAQ International said, "We are delighted that James is joining NASDAQ, his depth of business experience throughout the region will be a great asset to our ongoing business there. NASDAQ continues to demonstrate its commitment to Asia Pacific; it is dedicated to the region and it welcomes all Asian companies from all industry sectors that are looking to raise U.S. capital through its superior market."
NASDAQ currently has 85 companies from Asia listed on its exchange with a combined global market cap of approximately US$253 billion. In China alone, NASDAQ has 28 listings.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
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The matters described herein may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking Statements involve a number of risks, uncertainties or other factors beyond the control of The NASDAQ Stock Market, Inc., which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed or implied with respect to future periods. These factors include, but are not limited to, NASDAQ's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in the Company's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.