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NYSE chief Duncan Niederauer resigns

LiveMint logoLiveMint 22-05-2014 Sam Mamudi

New York: Duncan Niederauer resigned from the New York Stock Exchange months sooner than originally planned, citing progress integrating the market with new owner IntercontinentalExchange Group Inc.

Niederauer, 54, a former Goldman Sachs Group Inc. trading executive who became NYSE’s CEO in 2007 and guided its sale to ICE last year, surrendered his role overseeing the NYSE and will step down as president of ICE at the end of August, according to a statement on Thursday. Thomas Farley is now solely in charge of the NYSE.

While he had planned to stay through the end of the year to help NYSE meld with ICE, he accelerated that timing in light of the rapid integration, according to Thursday’s statement. BLOOMBERG

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