National Stock Exchange(SM), Inc. (NSX(R)) today announced the appointment of Saro Jahani as Chief Information Officer (CIO) of the Exchange, effective March 1, 2008.
As CIO, Mr. Jahani will be responsible for all functions of IT for NSX. He joined NSX on November 1, 2007 as Senior Vice President of Information Technology, responsible for the operation of the Exchange's IT production systems and related functions.
"In the four months since Saro joined NSX, he has clearly demonstrated his ability to effectively lead this most critical area of our organization," said Joseph S. Rizzello, Chief Executive Officer of NSX. "His expertise in securities industry technology was immediately apparent as he analyzed and prioritized our technology needs for achieving sustained systems stability and accommodating future growth. We welcome his ongoing contributions and the key role he will play in the future success of our Exchange."
Mr. Jahani came to NSX with a 20-year professional career in IT and a depth of technology experience in the securities industry. Immediately prior to joining NSX, he was Global Head of Infrastructure, Operations and Facilities at Townsend Analytics, a leading provider of market data and direct access trading software and a subsidiary of Lehman Brothers. In this position, he was responsible for the strategic and global operation of data center facilities, data center operations and operational quality of a high volume and distributed production environment.
Before that, Mr. Jahani served as Executive Vice President of IT Operations at SunGard. There he was responsible for Information Systems/Information Technology and production operation, including the continuous development and planning of SunGard's production network, network security, telecommunication and office automation, ASP and data centers. Prior to that, he served as CIO at SunGard in Sweden.
His work experience also includes IT positions at CAP Gemini, Swedish Telecom and Crosfield Electronics.
In 2006, NSX implemented a new business plan, which culminated in the last quarter of the year with the launch of a new state-of-the-art technology platform. The platform was built from the ground up to meet the speed, price and service needs in a post-Regulation NMS environment and to accommodate the broadest range of users, including ECNs, algorithmic traders and agency brokers.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Founded in 1885, NSX has been a driving force for change in the world of securities exchanges and continues to lead the way in exchange innovation. For more information on NSX, visit http://www.nsx.com.
