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NYSE Group Names New President


The NYSE Group said yesterday that it had appointed Duncan L. Niederauer, currently a managing director at Goldman Sachs, president and co-chief operating officer effective April 9.

Mr. Niederauer, who spent 22 years at Goldman Sachs, will be responsible for United States cash equities operations, including institutional and member firm client group sales and client services for both the New York Stock Exchange and its online securities exchange, NYSE Arca, and will serve on the NYSE Group management committee.

Gerald D. Putnam Jr., current president and co-chief operating officer, will become vice chairman responsible for technology, product development and options, NYSE said, while Catherine R. Kinney, already a president and co-chief operating officer responsible for NYSE Groups global listings, will also handle market data business.

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