Nasdaq appoints former UBS executive Sarah Youngwood as CFO
Nasdaq has appointed Sarah Youngwood, a former UBS Group executive, as its new chief financial officer (CFO) and executive vice president, effective 1 December.
Describing Youngwood as an “accomplished leader” in the financial services industry, Nasdaq hopes to leverage her experience of over 25 years, as she takes over from Ann Dennison, who has held the role since 2021. Dennison will remain in the role till the end of the year “to ensure an orderly transition”, Nasdaq said in a statement.
Youngwood joins Nasdaq from UBS Group, where she served as CFO and group executive board member since 2022, having played a “key role” in modernising the bank’s infrastructure and in its acquisition of Credit Suisse.
Prior to UBS, she worked at JPMorgan Chase for over 24 years in several senior leadership roles, including as CFO of its consumer and community banking business and head of investor relations.
Commenting on the transition, Adena Friedman, chair and CEO of Nasdaq, says: “I would like to thank Ann for her eight years of service to Nasdaq and the significant contributions she has made to the company, including transforming our global finance function and playing a key role in the announced acquisition of Adenza, an important and transformative acquisition for the company.”
Friedman adds that Youngwood’s “high-profile leadership roles at UBS and JPMorgan Chase, and her expertise in technology transformation, in-depth knowledge of global financial institutions, and first-hand experience with investors will make her an invaluable addition to the Nasdaq leadership team”.