NEW YORK, March 13, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced two management appointments in China. Eric D. Landheer has been appointed as NASDAQ's Head of Asia Pacific and Guang Xun Xu, Co-chief representative in China. Based in London, Landheer will be responsible for NASDAQ's new listings business throughout the Asia Pacific region and Xu will be responsible for developing relationships with potential NASDAQ(r) issuers while maintaining relationships with existing listed companies based in China. Xu will be based in China.
Landheer will report to Charlotte Crosswell, President of NASDAQ International and Xu will report to Landheer.
Landheer becomes Head of Asia Pacific after four years as a Managing Director, New Listings for NASDAQ. Until recently, he was responsible for driving initial public offerings to the NASDAQ in the Western United States. Xu joins NASDAQ after working as a consultant in China. He was previously Managing Director, Asia for Nasdaq between 1994 and 2004.
Charlotte Crosswell, President of NASDAQ International said, "We are delighted that Eric and Guang are joining NASDAQ International, Eric's vast experience in securing initial public offerings and Guang's business experience throughout the region will be a great asset to our proactive business initiatives internationally. NASDAQ continues to demonstrate its commitment to Asia Pacific, it is dedicated to the region and it welcomes all companies from all industry sectors that are looking to raise US capital through its superior market."
NASDAQ currently has 38 companies from China listed on its exchange with a market cap of approximately $30 billion.
NASDAQ is the largest U.S. electronic equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. electronic 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 as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
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.
NDAQG