The New York Stock Exchange (NYSE), part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges and clearing houses, has appointed Garvis Toler III as its newest Global Head of Capital Markets.
Mr. Toler is slated to join the company only on March 23, 2015, where he will focus on listings transactions. Furthermore, John Merrell, a NYSE listings veteran since 2008, will be tasked with listed company relationships. Both individuals will be reporting to NYSE Group President, Tom Farley, in their respective roles.
According to NYSE Group President, Tom Farley, in a recent statement on the appointment, “In 2014 the NYSE once again led all global exchanges with $70 billion dollars raised from IPOs supported by our leading market model and unparalleled visibility platform. With the addition of Garvis to our world-class team, we look forward to leveraging his experience, energy and ideas to benefit our issuers at every stage of their development.”
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“Garvis is an experienced and trusted advisor to many key participants in the IPO process and his background in serving a range of clients, along with his track record of leadership will be a tremendous asset to the NYSE and our network of listed companies,” he added.
Mr. Toler joins the NYSE from Dealogic, a provider of content and technology solutions where he worked as the Global Head of Sales and Equity Capital Markets. In addition, he has held senior level roles at MSCI, RiskMetrics Group and independent research provider, CFRA. Mr. Toler joins the NYSE on the heels of Scott Cutler’s decision to leave the company.
“Scott leaves behind an organization that is the unquestioned global leader in its space and is poised for even further growth in the years ahead. I’d like to personally thank Scott for all of his dedicated efforts, including working with us during the transition over the last year,” noted Mr. Farley.