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Robert Greifeld

From Wikipedia, the free encyclopedia
Robert Greifeld
Born1957
NationalityAmerican
Alma materIona College
New York University
OccupationBusinessman
Known forChairman and CEO of Nasdaq, Inc.

Robert Greifeld (born 1957)[1] is an American businessman and author. He is the former CEO and chairman of Nasdaq and former chairman of Virtu Financial.

Early life

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Greifeld was born in Queens, New York, to an Italian American mother and a father of Irish and German descent.[1] He holds a master's degree in business from the New York University Stern School of Business, and a B.A. in English from Iona College.

Career

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In the 1980s, Greifeld was a district manager for Unisys in Jericho, NY. In 1991 he joined Automated Securities Clearance, Inc. (ACS), becoming president of the company in 1993.[2] While at ACS he spearheaded the creation of BRASS, one of the first electronic stock order matching systems, and Brut, an electronic communication network (ECN).[3][4]

After SunGard Data Systems acquired ACS in 1999, Greifeld was promoted to group CEO of SunGard Brokerage Systems.[2]

In 2003, Greifeld succeeded Hardwick Simmons as chairman and CEO of Nasdaq.[5] Under Greifeld, in 2007 Nasdaq attempted a hostile takeover of the London Stock Exchange, but their offer was ultimately rejected by shareholders.[6] In 2011, Nasdaq OMX collaborated with IntercontinentalExchange to attempt a hostile takeover of NYSE Euronext, however their bid was withdrawn due to antitrust concerns.[7][8]

In 2016, Nasdaq announced that Greifeld would be succeeded as CEO by Adena Friedman as of January 2017.[9] He continued in the role of chairman until May 2017, at which time he became the chairman of Virtu Financial.[10][11]

In 2019, Greifeld authored the book "Market Mover: Lessons from a Decade of Chance at Nasdaq", chronicling his time at Nasdaq.[10][12]

Greifeld left Virtu in April 2023 to work on launching a tech-focused investment fund, Cornerstone FTM, among other endeavors.[13][14]

Personal life

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Greifeld has resided with his wife and family in Westfield, New Jersey[15][16] In 2016, he gave the commencement address at Iona College.[17]

References

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  1. ^ a b Blackhurst, Chris (2006-11-22). "Long-distance runner on the trail of the LSE; Bob Greifeld trained all his life to be Nasdaq chief, so he isn't the type to give up on the London exchange". The Evening Standard. Retrieved 2010-09-25.
  2. ^ a b "Nasdaq battles back". 11 November 2004. Retrieved 14 June 2024.
  3. ^ "Bright Side of Upheaval In Order Management:BRASS, the Industry Standard, Faces Competition". Traders Magazine. 31 August 1998. Retrieved 14 June 2024.
  4. ^ Dwyer, Paula; Borrus, Amy (10 August 2003). "NASDAQ: The Fight of Its Life". www.bloomberg.com. Retrieved 14 June 2024.
  5. ^ "Nasdaq Names New CEO and Chairman". Los Angeles Times. 16 April 2003. Retrieved 14 June 2024.
  6. ^ "Nasdaq fails in takeover bid for London Stock Exchange - Business - International Herald Tribune". The New York Times. 11 February 2007. Retrieved 14 June 2024.
  7. ^ "Nasdaq, ICE declare hostile bid for NYSE Euronext". The Sydney Morning Herald. 2 May 2011. Retrieved 14 June 2024.
  8. ^ Lucchetti, Aaron; Catan, Thomas (17 May 2011). "Feds Sink Nasdaq's Bid to Buy Big Board". Retrieved 14 June 2024.
  9. ^ "Nasdaq names Friedman CEO; Greifeld to be chairman". Reuters. 2016-11-14.
  10. ^ a b Bradford, Hazel (11 November 2019). "Former Nasdaq CEO recounts exchange's thrill ride". Retrieved 20 June 2024.
  11. ^ "Former Nasdaq chief Greifeld to take over as Virtu chairman". 14 June 2017. Retrieved 20 June 2024.
  12. ^ Bursztynsky, Jessica (7 October 2019). "Ex-Nasdaq CEO Greifeld warns that recent IPOs' unclear path to profits reminds him of tech bubble". CNBC. Retrieved 20 June 2024.
  13. ^ McCrank, John (21 April 2023). "UPDATE 1-Trading firm Virtu says Greifeld resigns as chairman to pursue other opportunities". Reuters. Retrieved 20 June 2024.
  14. ^ Oladipupo, Solomon (21 April 2023). "Virtu Financial Picks Michael Viola to Replace Robert Greifeld as Chairman". Financial and Business News. Retrieved 20 June 2024.
  15. ^ "Nasdaq's marathon man". Financial Times. Retrieved 2018-02-19.
  16. ^ Staff. "NASDAQ CEO: Robert Greifeld", China Radio International, December 15, 2005. Accessed March 5, 2011. "Greifeld is a resident of Westfield, New Jersey where he resides with his wife and three children."
  17. ^ "Iona College - About: News & Events". www.iona.edu. Retrieved 2017-02-13.
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