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Nasdaq Announces New Leadership and Structure for Financial Crime Management Technology

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Nasdaq (NDAQ) has announced a new leadership structure for its Financial Crime Management Technology business. Stephanie Champion, a 13-year Nasdaq Verafin veteran, has been appointed as the new EVP and Head of Nasdaq Verafin. Jeremy Skule, Nasdaq's Chief Strategy Officer, will take on an expanded role as Executive Chair of the Financial Crime Management Technology business.

Champion brings extensive expertise in the anti-financial crime industry and a strong track record of growth. She has been instrumental in driving Nasdaq Verafin's revenue growth and attracting major bank clients. Skule will support the development of Nasdaq Verafin's strategic roadmap, including global expansion and integration objectives.

Nasdaq Verafin is the global leader in financial crime management technology, serving over 2,500 banks with combined assets exceeding $9 trillion. The new leadership structure aims to support the business' strong momentum and continue its growth trajectory in addressing the $3 trillion financial crime challenge.

Nasdaq (NDAQ) ha annunciato una nuova struttura di leadership per la sua business unit di Tecnologia per la Gestione dei Crimini Finanziari. Stephanie Champion, una veterana di Nasdaq Verafin con 13 anni di esperienza, è stata nominata nuovo EVP e Responsabile di Nasdaq Verafin. Jeremy Skule, Chief Strategy Officer di Nasdaq, assumerà un ruolo ampliato come Presidente Esecutivo della business unit di Tecnologia per la Gestione dei Crimini Finanziari.

Champion porta con sé una vasta esperienza nel settore della lotta contro i crimini finanziari e un solido track record di crescita. È stata fondamentale nel promuovere la crescita dei ricavi di Nasdaq Verafin e nell'attrarre importanti clienti bancari. Skule supporterà lo sviluppo della roadmap strategica di Nasdaq Verafin, inclusi gli obiettivi di espansione globale e integrazione.

Nasdaq Verafin è il leader globale nella tecnologia per la gestione dei crimini finanziari, servendo oltre 2.500 banche con attività complessive superiori a 9 trilioni di dollari. La nuova struttura di leadership mira a sostenere il forte slancio dell'attività e a continuare il suo percorso di crescita per affrontare la sfida dei 3 trilioni di dollari rappresentata dai crimini finanziari.

Nasdaq (NDAQ) ha anunciado una nueva estructura de liderazgo para su negocio de Tecnología de Gestión de Crímenes Financieros. Stephanie Champion, una veterana de 13 años en Nasdaq Verafin, ha sido nombrada nueva EVP y Jefa de Nasdaq Verafin. Jeremy Skule, Director de Estrategia de Nasdaq, asumirá un rol ampliado como Presidente Ejecutivo del negocio de Tecnología de Gestión de Crímenes Financieros.

Champion aporta una amplia experiencia en la industria de lucha contra los crímenes financieros y un sólido historial de crecimiento. Ha sido fundamental para impulsar el crecimiento de ingresos de Nasdaq Verafin y atraer importantes clientes bancarios. Skule apoyará el desarrollo de la hoja de ruta estratégica de Nasdaq Verafin, incluidos los objetivos de expansión global e integración.

Nasdaq Verafin es el líder mundial en tecnología de gestión de crímenes financieros, sirviendo a más de 2,500 bancos con activos combinados superiores a 9 billones de dólares. La nueva estructura de liderazgo tiene como objetivo apoyar el fuerte impulso del negocio y continuar su trayectoria de crecimiento frente al desafío de 3 billones de dólares que representan los crímenes financieros.

나스닥 (NDAQ)은 금융범죄 관리 기술 사업 부문의 새로운 리더십 구조를 발표했습니다. 스테파니 챔피언은 나스닥 베라핀에서 13년간 경력을 쌓은 베테랑으로,新的 EVP 및 나스닥 베라핀의 책임자로 임명되었습니다. 제레미 스쿨은 나스닥의 최고 전략 책임자로서 금융범죄 관리 기술 사업의 실행 의장직을 확대하여 맡게 됩니다.

챔피언은 금융 범죄 방지 산업에서 광범위한 전문성과 성장 이력을 가지고 있습니다. 그녀는 나스닥 베라핀의 수익 성장을 이끌고 주요 은행 고객을 유치하는 데 중요한 역할을 해왔습니다. 스쿨은 글로벌 확장 및 통합 목표를 포함한 나스닥 베라핀의 전략적 로드맵 개발을 지원할 것입니다.

나스닥 베라핀은 9조 달러가 넘는 자산을 가진 2,500개 이상의 은행에 서비스를 제공하는 금융범죄 관리 기술의 글로벌 선두주자입니다. 새로운 리더십 구조는 사업의 강력한 모멘텀을 지원하고 3조 달러 규모의 금융범죄 문제를 해결하며 성장 궤도를 지속하기 위한 것입니다.

Nasdaq (NDAQ) a annoncé une nouvelle structure de leadership pour son activité de Technologie de Gestion des Crimes Financiers. Stephanie Champion, vétérane de 13 ans chez Nasdaq Verafin, a été nommée nouvelle EVP et Responsable de Nasdaq Verafin. Jeremy Skule, Chief Strategy Officer de Nasdaq, assumera un rôle élargi en tant que Président Exécutif de l'activité de Technologie de Gestion des Crimes Financiers.

Champion apporte une vaste expertise dans le secteur de la lutte contre les crimes financiers et un excellent dossier de croissance. Elle a joué un rôle clé dans la croissance des revenus de Nasdaq Verafin et l'attraction de grands clients bancaires. Skule soutiendra le développement de la feuille de route stratégique de Nasdaq Verafin, y compris les objectifs d'expansion mondiale et d'intégration.

Nasdaq Verafin est le leader mondial en technologie de gestion des crimes financiers, servant plus de 2 500 banques avec des actifs combinés dépassant 9 trillions de dollars. La nouvelle structure de leadership vise à soutenir l'élan fort de l'activité et à continuer son parcours de croissance pour relever le défi de 3 trillions de dollars en matière de crimes financiers.

Nasdaq (NDAQ) hat eine neue Führungsstruktur für ihr Geschäft mit Technologien zur Bekämpfung von Finanzkriminalität bekannt gegeben. Stephanie Champion, eine 13-jährige Veteranin von Nasdaq Verafin, wurde zur neuen EVP und Leiterin von Nasdaq Verafin ernannt. Jeremy Skule, Chief Strategy Officer von Nasdaq, wird eine erweiterte Rolle als Executive Chair des Geschäfts mit Technologien zur Bekämpfung von Finanzkriminalität übernehmen.

Champion bringt umfassende Fachkenntnisse in der Branche gegen Finanzkriminalität mit und hat eine starke Erfolgsbilanz im Bereich Wachstum. Sie war entscheidend für das Umsatzwachstum von Nasdaq Verafin und die Akquise großer Bankkunden. Skule wird die Entwicklung der strategischen Roadmap von Nasdaq Verafin unterstützen, einschließlich globaler Expansions- und Integrationsziele.

Nasdaq Verafin ist der weltweit führende Anbieter von Technologien für das Management von Finanzkriminalität und bedient über 2.500 Banken mit kombinierten Vermögenswerten von über 9 Billionen Dollar. Die neue Führungsstruktur soll das starke Momentum des Unternehmens unterstützen und sein Wachstum fortsetzen, um die Herausforderung von 3 Billionen Dollar im Bereich Finanzkriminalität zu bewältigen.

Positive
  • Appointment of experienced leader Stephanie Champion as new Head of Nasdaq Verafin
  • Consistent, strong revenue growth in recent years
  • Signing of four Tier-1 and four Tier-2 bank clients in under 18 months
  • Serving over 2,500 banks with combined assets exceeding $9 trillion
  • Expansion into Tier 1 and 2 banking segments
Negative
  • None.

The leadership changes at Nasdaq's Financial Crime Management Technology division signal a strategic shift. Stephanie Champion's promotion to EVP and Head of Nasdaq Verafin is noteworthy, given her 13-year tenure and successful track record in driving upmarket growth. Her appointment suggests a focus on expanding the company's presence in the Tier-1 and Tier-2 bank segments.

The creation of an Executive Chair position, filled by Jeremy Skule, indicates Nasdaq's commitment to integrating Verafin more deeply into its overall strategy. This move could accelerate cross-selling opportunities and global expansion efforts. The $3 trillion impact of financial crime underscores the market potential for Nasdaq Verafin's solutions.

While these changes seem positive for Nasdaq's strategic direction, investors should monitor how smoothly the transition occurs and whether it translates into continued revenue growth and market share gains in the competitive anti-financial crime technology sector.

Nasdaq Verafin's position as a leader in financial crime management technology is reinforced by its impressive client base of over 2,500 banks with $9 trillion in collective assets. The company's success in securing four Tier-1 and four Tier-2 bank clients in just 18 months demonstrates strong market traction and product appeal.

The leadership changes, particularly Champion's promotion, suggest a strategic focus on accelerating growth in the lucrative large bank segment. This could potentially lead to higher revenue per client and improved profit margins. However, investors should watch for any potential disruption in the small- and medium-sized banking space, which has been Verafin's traditional stronghold.

The emphasis on global business expansion and cross-sell objectives under Skule's guidance could open new revenue streams and enhance Nasdaq Verafin's competitive position in the $3 trillion financial crime prevention market.

Appoints 13-year Nasdaq Verafin Veteran, Stephanie Champion, as New Head of Nasdaq Verafin

Nasdaq Chief Strategy Officer, Jeremy Skule, to Take on Expanded Role as Executive Chair of Nasdaq’s Financial Crime Management Technology Business

NEW YORK and ST. JOHN’S, Newfoundland, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ), today announced a new leadership structure including leadership appointment for its Financial Crime Management Technology business, designed to support the business’ strong momentum and continuing its growth trajectory.

Effective today, Brendan Brothers, EVP, Head of Financial Crime Management Technology, and Verafin Co-Founder will step back from his current executive responsibilities and will transition into a senior strategic advisory role until at least December 31, 2024.

Coinciding with Brothers’ transition to an advisory role, Nasdaq will implement a new leadership structure for Financial Crime Management Technology with the establishment of an Executive Chair position.

Stephanie Champion, current SVP and Head of Sales, will succeed Brothers as EVP and Head of Nasdaq Verafin, responsible for overseeing the business. A 13-year Verafin veteran, Champion brings a breadth of expertise across the anti-financial crime industry, a deep and robust client network, and a track record of growth and performance. Throughout her tenure, Champion has held several key leadership roles at Nasdaq Verafin, including as the head of the mid-market and enterprise business units, where she led the product, client onboarding and success, and sales teams. Most recently, Champion was responsible for the strategy supporting Nasdaq Verafin’s growth in the upmarket client segment which has resulted in the signing of four Tier-1 and four Tier-2 bank clients in under 18 months. She has been instrumental in driving the business’ consistent, strong revenue growth over the past several years as the business continues to attract banks of all sizes to its unique, modern technology solutions to support their crime-fighting efforts.

Jeremy Skule, EVP and Nasdaq Chief Strategy Officer will take on an additional responsibility as Executive Chair of Financial Crime Management Technology. In this expanded role, Skule will support the development of Nasdaq Verafin’s strategic roadmap, including its global business expansion, as well as provide guidance to the Nasdaq Verafin leadership team and continue to advance its integration and cross-sell objectives.

“I want to express my sincere gratitude to Brendan for his numerous contributions to Verafin and his role as a driving force behind the company’s founding through to its position today as the leading anti-financial crime platform,” said Adena T. Friedman, Chair and Chief Executive Officer of Nasdaq. “I am very excited to appoint Stephanie and Jeremy in their new leadership roles. As the new Head of Nasdaq Verafin, Stephanie will be responsible for the business’ strategic and operational performance. She brings deep expertise and client relationships that she has developed over her 13 years in the business, as well as serving as a true culture carrier for the organization. Her leadership has been essential to the acceleration of our upmarket growth strategy. As Executive Chair, Jeremy will oversee the strategic direction of the business. He brings over a decade track record of strategic leadership and business expansion at Nasdaq, and I am confident their partnership best positions us to solve one of the financial system’s largest, most complex challenges.”

“I am thrilled to take on the leadership role at such a pivotal and exciting time in Nasdaq Verafin’s journey,” said Stephanie Champion, EVP and Head of Nasdaq Verafin. “Being part of the wider Nasdaq platform has transformed our ability to drive sustained, scalable growth across the global market of financial institutions of all sizes. We continue to drive strong growth across the small- and medium-sized banking space while we make significant inroads into the Tier 1 and 2 segments. I look forward to the continued partnership with Jeremy and the wider Nasdaq Verafin leadership team as we capitalize on the opportunities ahead.”

“Financial crime is a $3 trillion drag on the financial system – a major, global challenge and a problem that Nasdaq Verafin is uniquely placed to address,” said Jeremy Skule, EVP, Chief Strategy Officer, and Executive Chair of Financial Crime Management Technology. “I am excited to take on this expanded role and look forward to continuing to work with the Nasdaq Verafin team to advance our leading solutions to help financial institutions eradicate financial crime from their networks.”

Nasdaq Verafin is the global leader in financial crime management technology, providing fraud prevention and anti-money laundering solutions to more than 2,500 banks representing more than $9 trillion in collective assets.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence.

Cautionary Note Regarding Forward-Looking Statements:
The matters described herein contain forward-looking statements that are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the leadership changes for Nasdaq’s Financial Crime Management Technology business and other initiatives for such business. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K and its other periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Nasdaq Media Relations Contact
Marleen Geerlof
+1 347.380.3520
Marleen.Geerlof@Nasdaq.com

Nasdaq Investor Relations Contact
Ato Garrett
+1 212.401.8737
Ato.Garrett@nasdaq.com

-NDAQF-


FAQ

Who is the new Head of Nasdaq Verafin (NDAQ)?

Stephanie Champion, a 13-year Nasdaq Verafin veteran, has been appointed as the new EVP and Head of Nasdaq Verafin.

What is Jeremy Skule's new role at Nasdaq (NDAQ)?

Jeremy Skule, Nasdaq's Chief Strategy Officer, will take on an expanded role as Executive Chair of the Financial Crime Management Technology business.

How many banks does Nasdaq Verafin (NDAQ) serve?

Nasdaq Verafin serves over 2,500 banks representing more than $9 trillion in collective assets.

What is the estimated impact of financial crime on the financial system, according to Nasdaq (NDAQ)?

According to Nasdaq, financial crime is a $3 trillion drag on the financial system.

How many Tier-1 and Tier-2 bank clients has Nasdaq Verafin (NDAQ) signed recently?

Nasdaq Verafin has signed four Tier-1 and four Tier-2 bank clients in under 18 months.

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