Eric W. Noll to Join ConvergEx Group, LLC as President
-- Noll Will Transition to Chief Executive Officer by Year-End, Succeeding Joseph Velli --
-- Noll served as EVP, Transaction Services for NASDAQ OMX --
NEW YORK, Nov. 25, 2013 /PRNewswire/ -- ConvergEx Group, LLC, a leading provider of global brokerage and trading-related services, today announced that Eric W. Noll, a veteran securities industry leader, will join the Company as President, effective immediately, and transition to the additional position of Chief Executive Officer at year-end, succeeding current CEO, Joseph M. Velli, who will continue to serve on the ConvergEx Group board.
Mr. Noll will work with ConvergEx's senior management and be responsible for all strategy, business lines, P&Ls, and day-to-day operations. He will report to the board and serve as a Director.
Prior to joining ConvergEx, Mr. Noll had been a senior executive at NASDAQ OMX, Inc. where, most recently, he served as Executive Vice President, Transaction Services, responsible for all US/UK Equity, Options and Futures Exchanges – including NASDAQ, NOM, PHLX, PSX, BX, BX Options, NFX and NLX.
"We are very pleased to have attracted someone of Eric's high caliber to become President and CEO-elect of ConvergEx, and the board and I look forward to working closely with him to effect a smooth transition of leadership," said Joseph M. Velli, ConvergEx Group Chairman and Chief Executive Officer. "Eric is a proven, highly respected executive with strong leadership skills, outstanding judgment and targeted experience within the global securities industry that will provide immediate benefits to our company and our customers."
Mr. Noll said, "ConvergEx is a strong company with a bright future, and I am deeply honored to become part of this organization. One of my top priorities will be to demonstrate to our customers that we are a company that stands for strong values, transparency and, above all, putting customers' interests first. I look forward to working with the company's board, its talented management team, and their more than 600 employees as we continue to serve the best interests of our customers worldwide."
"On behalf of the board, I also want to express our deep appreciation to Joe Velli for his untiring leadership, commitment and passion to ConvergEx over the years," added Mr. Noll.
Eric Noll Extended Biography
Prior to joining ConvergEx, Mr. Noll was, from 2009 to present, Executive Vice President, Transaction Services, NASDAQ OMX, Inc. in the U.S. and U.K where he was responsible for all US/UK Equity, Options and Futures Exchanges – NASDAQ, NOM, PHLX, PSX, BX, BX Options, NFX and NLX. In this role, he helped manage and grow all relationships with broker-dealers and investors (buyside) for equities, options and futures, including technology, market structure, functionality, order types and pricing.
Among his many accomplishments at NASDAQ OMX, Mr. Noll launched NASDAQ Liquidity Exchange (NLX) in London in May of 2013 to compete with LIFFE and Eurex in European rate futures and led the re-platforming of NASDAQ Futures Exchange. He was also responsible for Espeed and the NASDAQ fixed income business as well as all access services revenue lines, including co-location, ports, memberships, cross-connects, microwave offering, pre-trade risk management, the Trade-Reporting Facility (TRF), FTEN and FinQloud. He also managed the largest revenue and profit business inside NASDAQ OMX and led the exchange's acquisitions of FTEN and Espeed.
From 1994-2009, Mr. Noll was Managing Director, with Susquehanna International Group, where he managed all external and exchange relationships and was responsible for strategic planning and new product development. He started and managed the firm's institutional sales business (options and equities), institutional research business and investment banking business as well as acquired NYSE specialist operations and CBOE/PHLX options specialists.
From 1993-1994, Mr. Noll was with the Philadelphia Stock Exchange where he was Assistant Vice-President – Strategic Planning and New Product Development, and from 1990-1993, he was Manager, Strategic Planning at the Chicago Board Options Exchange.
Mr. Noll holds a Series 7, 63 and 24. He earned his Masters of Business Administration from Owen Graduate School of Management, Vanderbilt University, with a finance concentration. He received his A.B. from Franklin and Marshall College, with a double major in government and economics. Mr. Noll is a member of the Board of Trustees of Franklin and Marshall College where he serves as Vice Chairman, Finance Committee; Vice Chairman, Technology Committee; and a Member of its Executive Committee. He is also a member of the Board of Visitors, Owen Graduation School of Management and a member of Board of Trustees, Springside Chestnut Hill Academy. He is married with two adult daughters.
"Management's Discussion and Analysis of Financial Condition and Results of Operations -- Discussion of Critical Accounting Policies"
About ConvergEx Group
ConvergEx Group is a leading provider of global brokerage and trading‐related services for institutional investors and financial intermediaries. ConvergEx combines client‐first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast‐paced markets. Headquartered in New York with a presence in several other key locations including London, Chicago, San Francisco, Boston and Atlanta, the company serves more than 3,000 clients accessing over 100 global market centers.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G‐Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC.
Additional information is available at www.convergex.com.
Contact: Margaret Farrell
SOURCE ConvergEx Group
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