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DIFX names new directors after OMX buy

Dubai, March 1, 2008

The Dubai International Financial Exchange (DIFX), of which Nasdaq Stock Market owns around a third, said on Saturday it had named two new board members after the completion of the OMX acquisition.

Borse Dubai, the parent company of the DIFX, and Nasdaq concluded a $4.9 billion deal last month to buy the Nordic and Baltic stock exchange operator, forming a new company called Nasdaq OMX Group.

Robert Greifeld, chief executive of Nasdaq OMX Group, will join the DIFX board as vice-chairman, the Dubai-based stock exchange said in a statement. It also said Adena Friedman, executive vice-president of corporate strategy at Nasdaq OMX, would join the board.

Other members of the 11-member board include Borse Dubai deputy chairman Soud Ba'alawy, DIFX Chief Executive Per Larsson and Maha al-Ghunaim, managing director of Kuwaiti investment bank Global Investment House.

Ba'alawy and Borse Dubai Chairman Essa Kazim, who also serves on the DIFX board, have been appointed to the newly-formed board of Nasdaq OMX, the exchange added.-Reuters




Tags: Dubai | OMX | buy | new | directors | Borse |

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