Weild commented, "Ted brings to Nasdaq exceptional experience in investment banking, capital markets and institutional investment management and global equity finance. His expertise will benefit our listed clients and employees as we strive to build an institution that is distinguished for its ability to best help companies drive shareholder value. Ted is well respected in the industry and we are proud to have him join the largest stock market in the world."
Prior to joining Nasdaq, Coburn was president of The Coburn Group Inc., an investment banking advisory firm specializing in advising emerging growth companies on all aspects of their developmental plans including private placements, mergers and acquisitions, seed financing, institutional equity and debt placements and initial public offerings. He was senior vice president and on the Board of Directors of Prudential Securities, where he headed the Global Equity Transaction Group, overseeing the company's new issue equity activity throughout the world.
Previously, Coburn was a managing director at Merrill Lynch Capital Markets, where he was responsible for global equity underwriting. He began his career at Kidder, Peabody & Co., Inc. in their corporate finance department before joining Becker, Paribas, Inc. in the Capital Markets Group.
Active in his community, Coburn is a director and trustee of several philanthropic organizations including the Martha Graham Dance Company and Center, the Chamber Dance project, and the Harvard RALLY Project. He is also a director of the Nicholas-Applegate Fund, Inc., Dresdner RCM Global Funds, Inc. and Dresdner RCM Global Strategic Income Fund.
Coburn earned a B.S. in Finance from the University of Virginia, an MBA from Columbia University Graduate School of Business, a Masters of Education from Harvard University School of Education and a Masters in Divinity from Harvard University Divinity School.
Nasdaq's Corporate Client Group (CCG) is responsible for establishing and maintaining relationships with Nasdaq's listed companies through the delivery of high quality, value-added services as it relates to the Nasdaq Stock Market. CCG is also responsible for retaining and attracting new companies to list on Nasdaq. Nasdaq has continued to be the leader in the IPO market, capturing 83% of IPOs over the last five years.
CCG plans to launch a new corporate client center in 2002 that will provide listed companies with a central point of instant, value-added information about activity in its stock and other valuable market information. Through the use of computer telephony and other information systems, the corporate client center will leverage Nasdaq's current customer relationship management.
Nasdaq is the world's largest stock market. With more than 4,000 companies, Nasdaq lists more companies and trades more shares per day than any other U.S. market. Over the past five years, Nasdaq has outpaced all other U.S. markets in listing IPOs. It is also home to category defining companies that are leaders across all areas of business including technology, retail, communications, transportation, media and healthcare industries. With operations on three continents, Nasdaq is a key driver of global capital formation. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
