News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Nasdaq slashes board of directors

US exchange Nasdaq will slash the number of its board members by almost half when it completes its merger with Nordic exchange operator OMX, with several of its directors moving to take seats on the board of the enlarged group.

Nasdaq said in a statement this morning that it will reduce the headcount of its board from 16 to nine. It is set to complete its tie-up with OMX tomorrow.

WSJ Logo