Nasdaq Promotes Four to Support Growth Across its Market Technology and Listings Units

Lars Ottersgard has been promoted to executive vice president of the firm's Market Technology arm and will be responsible for overseeing client relationships in more than 70 marketplaces across 50 countries. He will report to Adena Friedman, president of Nasdaq Capital Access, Technology and Insights. Ottersgard will still head up SMARTS, Nasdaq's global market surveillance business, as well as BWise, the company's global risk and controls software business.

Nelson Griggs, who has worked for Nasdaq for 12 years, has also been promoted to the role of executive vice president, heading up the Nasdaq Listing Services business unit, where he will also report to Friedman. He is responsible for attracting new listings and switches to Nasdaq markets.

Griggs replaces Bruce Aust who has been appointed vice chairman of Nasdaq to head up the firm's largest listed companies and prospects worldwide. Aust will be based in San Francisco, where he will be responsible for launching the Nasdaq Entrepreneurial Center, due to open next year.

The fourth Nasdaq employee to assume additional responsibilities is Bob McCooey, currently senior vice president of the firm's Listing Services, who will work across the company to target and enhance key client relationships.