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.

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