Roland Chai will join Nasdaq’s executive leadership team as global chief risk officer, effective 1 June 2020.
In this role, Chai will be responsible for developing, reviewing and maintaining Nasdaq’s global risk programme.
Based in Stockholm, Sweden, he will report to Adena Friedman, president and CEO of Nasdaq.
Most recently, Chai served as head of post trade at Hong Kong Exchange, where he supervised clearing and risk management functions across equities and fixed income, currencies and commodities, as well as the exchange’s market surveillance.
During his tenure, Chai re-established risk frameworks across exchange, listings, mainland commodities, trading, and clearing departments, amongst other accomplishments.
Chai also worked as group risk officer and head of clearing also at HKEX.
Chai commented: “Within the capital markets, Nasdaq has demonstrated its commitment to globalising its business and building an advanced technology company. Nasdaq also is recognised as a leader in providing risk management solutions for its own markets, regulators and other industries. I’m thrilled to be joining the company to continue bolstering its global, enterprise-wide risk culture.”
Friedman added: “Chai brings extensive experience in establishing and implementing risk frameworks across functions as well as strong management capabilities that will further strengthen and enhance our decision making and business operating processes. We look forward to welcoming Chai to the Nasdaq team.”
