AMWatch

Nasdaq's Sibbern sees huge call for 'matchmaking portal'

Stock exchange giant Nasdaq has put USD 705 million into a portal that matches up asset managers and investors such as pension funds. The acquisition fits perfectly with Nasdaq's strategy, Executive Vice President of Global Information Services, Bjørn Sibbern, tells AMWatch.

Bjørn Sibbern, Senior Vice President of Commodity Markets & Broker Services at Nasdaq. | Photo: PR

Nasdaq, which owns the Copenhagen Stock Exchange along with other exchanges, has pushed the boat out and bought the American company Evestment, which runs as asset management portal.

It is paying USD 705 million (EUR 586 million) for the firm in a mix of cash and debt, in a deal which has yet to be approved by local competition authorities.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

PFA says three big changes will bring better returns

To get returns on the same level as other pension firms, PFA has made three big changes to its portfolio, including taking on more risk, says the firm, which doesn't fear a backlash from this year's predicted unsteady market.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch