Contrary to conflicting reports, Nasdaq has strengthened its commitment to China and the region at large by appointing Stuart Patterson to a new position as senior managing director, head of Asia-Pacific. To be based in New York, Paterson will be reviewing the scale of Nasdaq's China operations and will be searching for a China director to fill the void left by Harry Huang.
In the new position, Patterson will also assume responsibility for Nasdaq's regional client directors who provide support to over 50 Nasdaq-listed companies. The team Patterson oversees will also take responsibility for developing the exchange's listing business through Asia-Pacific.
Patterson moves to Nasdaq from Fleet...