Nasdaq loses CFO as bourses seek takeovers

NASDAQ, the world’s second largest stock exchange, has lost its chief financial officer amid talk it could become the latest bourse to merge in a flurry of activity worldwide.

Adena Friedman, who will leave the company effective 4 March, is departing to join private equity firm Carlyle Group in a similar role.

The departure comes as Nasdaq might need her dealmaking skills as exchange rivals pair up in a merger frenzy.

The exchange’s senior vice president Ronald Hassen will serve as interim chief financial officer until a replacement is found.

Meanwhile, the Chicago Mercantile Exchange played down speculation it was poised to launch a counter bid for the New York Stock Exchange, in a development that could have thrown a cross-border deal with Deutsche Boerse into doubt.

The bourse said: “We remain committed to creating shareholder value.”