Intercontinental Exchange Names Betty Liu Executive Vice Chairman of the New York Stock Exchange; NYSE to Acquire Radiate, Inc.
Entrepreneur and trailblazing journalist will build a community for the
NYSE’s network of global leaders, listed companies and entrepreneurs
NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, announced today that Betty Liu, an award-winning business
journalist and entrepreneur, is joining the New York Stock Exchange as
Executive Vice Chairman. Her appointment takes effect July 9. Liu will
also join the NYSE Group Board.
Liu is the Founder and CEO of Radiate,
Inc. and a 10-year veteran of Bloomberg Television, where she most
recently co-anchored Bloomberg’s “Daybreak Asia” and “Daybreak
Australia.” In her new role at NYSE Group, Liu will bring her global
experience working with thought leaders, newsmakers and C-level
executives to the Exchange. Working with NYSE President Stacey
Cunningham and NYSE COO John Tuttle, along with the senior leadership
teams of the NYSE and Intercontinental Exchange, Liu’s mission will
focus on strengthening and building the NYSE leadership network,
cultivating connections through live events and creating valuable
opportunities for organizations to connect across the NYSE’s unmatched
listed community of 2,400 leading global companies.
Liu will be joining the NYSE alongside its acquisition of Radiate, Inc.,
the company Liu founded in 2016 to empower emerging leaders with expert
advice. ICE’s acquisition of Radiate is subject to customary approvals.
When the deal is complete, Radiate’s team and content will become assets
of the New York Stock Exchange and will be scaled across NYSE platforms.
Radiate offers a library of more than 2,000 short-length video lessons
taught by over 100 global CEOs and thought leaders. The Radiate
platform, when it becomes a part of the NYSE, will add to the Exchange’s
broad array of content and events. The transaction is expected to close
in June and will not impact ICE’s 2018 results or capital return plans.
“Betty is a valuable addition to our leadership team, bringing her
unique experience and perspective gained through her global postings and
firsthand experience as a media entrepreneur,” said Stacey Cunningham,
President of NYSE Group. “By working directly with the leadership of
emerging and leading companies, and leveraging the Radiate platform,
Betty will help us offer our customers even more opportunities to tap
the NYSE network to connect and share ideas on our global stage.”
“Our team is excited to welcome a distinguished leader and keen business
mind of Betty Liu’s caliber to her role as Executive Vice Chairman to
help us expand the NYSE’s industry leadership,” said Jeff Sprecher,
Chairman and CEO of Intercontinental Exchange and Chairman of NYSE Group
and the New York Stock Exchange. “Betty’s combination of journalistic
acumen, creative vision, international relationships, and
entrepreneurial instincts will add greatly to the value we offer our
customers around the world. We look forward to building on Radiate, the
innovative business she founded, as part of our efforts to enrich the
NYSE network and experience for our listed issuers and the broader
business community.”
“I’m very excited and honored to join Stacey, John, and the outstanding
teams at the NYSE and ICE. The Exchange is at the very heart of global
business – for many companies, making it onto the NYSE is the highest
level of achievement,” Liu said. “I can’t wait to build upon a platform
where C-suite leaders and entrepreneurs exchange ideas, innovate and
connect. As a journalist, I reported on some of the greatest business
stories of our generation. As an entrepreneur, I have a great
appreciation for what it takes to start a business, build a team, and
compete in the global marketplace. I look forward to leveraging both
experiences to help great companies tell their stories and connect to
customers and stakeholders alike.”
Liu’s years of international experience working for major news
organizations include CNBC, Dow Jones, and the Financial Times.
She has been stationed in Atlanta, Hong Kong and Taiwan on assignments.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a
leading operator of global exchanges and clearing houses, and a provider
of data and listings services. NYSE Group’s equity exchanges -- the New
York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S.
equity volume than any other exchange group. The NYSE is the premier
global venue for capital raising, leading worldwide in IPOs, including
technology IPOs. NYSE Arca Options and NYSE Amex Options are leading
equity options exchanges. To learn more, visit www.nyse.com/index.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune
Future 50 company formed in the year 2000 to modernize markets. ICE
serves customers by operating the exchanges, clearing houses and
information services they rely upon to invest, trade and manage risk
across global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs across
virtually all asset classes. ICE is the parent company of the New York
Stock Exchange, which has helped companies raise more capital than any
other exchange in the world, driving economic growth and transforming
markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
information Documents (KIDS)”.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statement in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20180605005932/en/
Media Contacts:
Josh King
josh.king@theice.com
Phone:
212.656.2490
Source: Intercontinental Exchange