Nasdaq Inc has secured a key appointment, adding Tal Cohen, the former Head of Chi-X Global, to spearhead and oversee its growing North American equities business, following the exchange operator’s recent acquisition of Chi-X Canada.
During Q4 2015, Nasdaq inked a deal that saw the acquisition of Chi-X Canada, an Alternative Trading System for the Toronto Stock Exchange (TSX) and TSX Venture Securities, from Chi-X Global. The new deal was an important step for Nasdaq as it moved to garner more direct access to the Canadian equities market. The deal officially closed last month.
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As such, a turnover and assimilation of personnel across the group’s newly consolidated business was to be expected, with Tal Cohen being tapped as the newest Head of North American equities group. Mr. Cohen will be reporting to Tom Wittman, Nasdaq’s global Head of Equities, stepping into the position only on April 12, and does so after a decorated career in the financial industry.
Prior to joining Nasdaq, Mr. Cohen served as the Chief Executive at Chi-X Global for nearly six years, dating back to 2010. Additional stops also include working as the CEO of Chi-X Americas as well as several board directorships in Canada and a stint Managing Director Instinet LLC, Nomura Holdings Inc.’s brokerage unit, according to information made public on his Linkedin profile.
By extension, Nasdaq has also announced that Dan Kessous, the former Head of Chi-X Canada, will head up Nasdaq’s Canadian equities business.