Nasdaq named JPMorgan Chase and UBS veteran Sarah Youngwood as its next CFO on Tuesday.
Youngwood will start in her role Dec. 1 and replace Ann Dennison, who is set to leave the exchange at the end of the year.
In a statement Tuesday, Nasdaq CEO Adena Friedman praised Youngwood’s “expertise in technology transformation, in-depth knowledge of global financial institutions and firsthand experience with investors.”
Youngwood served as CFO of UBS for just a year — but it was an eventful one, punctuated by a government-forced acquisition of rival Credit Suisse. Youngwood left UBS at the close of the transaction and was replaced by Todd Tuckner, who had been CFO of the bank’s global wealth management arm.
Youngwood came to UBS from JPMorgan Chase, where she served for six years as CFO of consumer and community banking. She joined JPMorgan in 1997, holding several roles in the bank’s financial institutions group and later serving as head of investor relations, according to her LinkedIn profile.
Dennison, for her part, joined Nasdaq in 2015 as chief accounting officer and ascended to the CFO role in 2021. Before joining Nasdaq, Dennison spent nearly two decades at Goldman Sachs, including as head of financial reporting, according to her LinkedIn page.
Nasdaq’s executive shuffle comes as the exchange looks to close its $10.5 billion acquisition of software firm Adenza, announced in June.
Nasdaq last year also reorganized its business into three divisions — a move meant to broaden its focus beyond equities trading and diversify its reach into technology and intellectual property.
