Intercontinental Exchange Inc. (NYSE: ICE) announced on Monday that it had recruited Lynn Martin as the next President of the New York Stock Exchange.
Finance Magnates recently learned from a press release that Lynn Martin, who has more than two decades of experience in the Fintech industry, has been selected by Intercontinental Exchange, a leading global provider of data, as its new President of the New York Stock Exchange .
Martin will take over from Stacey Cunningham, who was the NYSE’s first female president. In addition, Cunningham will take on the new role on the NYSE’s Board of Directors, which is owned by Intercontinental Exchange and stated in a press release. To add to that, the finance and securities lawyer and an ICE and NYSE board member, Sharon Bowen will become the NYSE’s next Chair.
This leadership shakeup arrives as the NYSE is experiencing an increase in competition from Nasdaq Inc. In 2021, Nasdaq has raised a total of $191 billion through IPOs. This is almost double the $109 billion raised at the NYSE, according to data from Dealogic.
Looking Back at Martin’s Vocation
Prior to the new role, Martin has spent almost eight years at Intercontinental Exchange. Most recently, she has fulfilled the role of President and COO of ICE Data Services for five and a half years. Before this promotion, she held the title of Chief Operating Officer of ICE Clear US where she spent fifteen months completing the requirements of the position, according to her LinkedIn profile.
Earlier in August 2013, NYSE Liffe US utilised her in the role of Chief Executive Officer. As well as that she served the company as CEO of New York Portfolio Clearing (JV between NYSE and DTCC) during this same time. Additionally, she was promoted from the post of COO of NYSE Liffe US which she started in July 2008.
The NYSE recruited Martin as its Executive Vice President back in June 2001. She stayed with the organisation for more than thirteen years as mentioned.
Also, her earliest known role was at IBM Global Services as a Project Manager. She began the position in June 1998 and stayed there for just over three years.
