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June 30, 1998

Nasdaq names Campbell Exchange COO

By Jeffrey L. Winograd

J Patrick Campbell, a retired U.S. Air Force Command Pilot, who joined Nasdaq as executive vice president of market services in 1997, is again flying high. He has been named chief operating officer at Nasdaq.

In the newly-created post, Campbell will report to Frank Zarb, chairman and chief executive of the National Association of Securities Dealers, and to Nasdaq President Alfred R. Berkeley III.

"The extraordinary breadth of his expertise in the securities industry ensures that our members, issuers and the investing public will be well served by Nasdaq into the next century," Zarb said in a prepared statement.

Before joining Nasdaq, Campbell was a senior executive vice president and board member of The Ohio Company in Columbus, Ohio. Campbell started his Wall Street career at The Ohio Company in 1971, where he was responsible for equity trading, research, portfolio management, taxable fixed-income trading and the firm's trust business.

Campbell was awarded the Bronze Star and three air medals during his service with the U.S. Air Force.

Separately, Zarb announced the expansion of the Office of the Chairman. It will now include NASD Chief Information Officer Gregor Bailar, NASD Executive Vice President for Strategic Development John Hilley, NASD Deputy Chief Operating Officer Salvatore Sodano, NASD Regulation COO Elisse Walter and Campbell.