Singapore Exchange Ltd.OTCPK - Current
Sep. 20, 2013, 4:03 AM
- With Nasdaq's (NDAQ) stock price cheap vs its peers and amid sector consolidation, the bourse operator is reportedly considering splitting itself up or merging with the London Stock Exchange (LDNXF.PK) or the Singapore Exchange (SPXCF.PK).
- The company has also begun planning for the succession of CEO Robert Greifeld, even though he has no plans to leave at the moment and he has the backing of the board.
- The top candidates to replace Greifeld include: LSE chief Xavier Rolet, who would become the head of any combined company if his firm were to buy the U.S. exchange; former Nasdaq CFO Adena Friedman; Magnus Bocker, the CEO of the Singapore Exchange; Craig Donohue, the former head of CME Group, Tom Kloet, the boss of Canada's TMX Group (TMXXF.OB); and ex-Nasdaq executive Chris Concannon. The top internal candidate is Eric Noll, who manages the firm's execution services.