NEW YORK, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Nasdaq, Inc. today announced Bruce E. Aust will retire as Vice Chairman at the end of 2019. Aust has served Nasdaq for 21 years, most notably as Executive Vice President of Global Listings from 2003 to 2014 where he oversaw Nasdaq’s new listings and capital markets business.
“Bruce’s vision and leadership helped transform our offering to corporate clients and redefined what it means to be a Nasdaq-listed company through the addition of services aimed to assist clients as they navigate the capital markets,” said Adena Friedman, President and CEO, Nasdaq. “Bruce is widely regarded and respected for establishing deep relationships with an unmatched global network of CEOs, policymakers, venture capital firms, and entrepreneurs. We are grateful for his lasting contributions and wish him the very best.”
“It has been an honor to serve Nasdaq during a period of significant growth and transformation,” said Mr. Aust. “I am proud of what we have achieved in successfully guiding thousands of companies on their Nasdaq listings, and building out the corporate solutions they need throughout their corporate lifecycle.”
During Aust’s tenure leading Nasdaq’s listings business, Nasdaq’s offering to issuers expanded to include enhanced marketing assets, proprietary investor relations solutions, and corporate governance technology. Over 1,200 IPOs were listed on Nasdaq’s global exchanges during his leadership, including some of the highest-profile IPOs of the last two decades: Google, Facebook, Tesla, Virgin America, Lululemon Athletica, Dunkin’ Brands, The Carlyle Group, JD.com, and MercadoLibre. Aust also pioneered Nasdaq’s pursuit of listings transfers from the New York Stock Exchange to The Nasdaq Stock Market, which significantly increased the diversity of industries traded on Nasdaq. Those transfers include: PepsiCo, Walgreens Boots Alliance, American Airlines, United Airlines, Marriott, TD Ameritrade, Willis Towers Watson, Viacom, and T-Mobile US.
After successfully working with U.S. regulators and lawmakers in support of the JOBS Act, signed into law in 2012, Aust established the Nasdaq Private Market to serve as a liquidity platform for emerging growth companies. Since its founding in 2013, Nasdaq Private Market has facilitated $23 billion in secondary transactions for 305 private companies.
Upon his appointment as Vice Chairman in 2014, Aust played an integral role in the creation and launch of the Nasdaq Entrepreneurial Center in San Francisco, a non-profit organization designed to engage emerging entrepreneurs through education and mentorship. In its four years in operation, the Entrepreneurial Center has reached over 17,000 entrepreneurs from over 90 countries through 5,000 hours of free education, supported by more than 660 faculty, coaches, and executive mentors.
Aust is the recipient of the Distinguished Alumni Award from the University of Southern Mississippi’s College of Business and previously served on the Executive Council of TechNet and as Chairman of Nasdaq Private Market.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: www.nasdaq.com.
Source: Nasdaq, Inc.