Following last week's shake-up of top level management at Nasdaq by new president and CEO Robert Greifeld, the exchange has appointed Christopher Concannon as executive vice president of strategy and business development.
The appointment follows the departure of Dean Furbush as executive vice president of transaction services and William Harts as executive vice president of corporate strategy.
Concannon joins Nasdaq from Instinent where he was president of the vendor's Clearing Services subsidiary. Prior to this he was special counsel and vice president of business development and was responsible for coordinating the merger and integration of Instinet and Island ECN. Before the merger he was special counsel and president of business development at Island ECN.
He has also worked as an associate at Morgan, Lewis & Bockius, as an attorney in the division of market regulation at the Securities and Exchange Commission and as a legislative analyst at the American Stock Exchange.
Greifeld says Concannon will play a key role in executing Nasdaq's strategic direction as the exchange moves forward.