Nasdaq Hires McDermott-Holland for Institutional Position

Mary McDermott-Holland, an industry veteran and former chairman of the Security Traders Association, will join Nasdaq OMX Group as vice president of Transaction Services on April 6.

McDermott-Holland, a 28-year veteran, will manage the institutional investor relationships of the U.S. Transaction Services business, acting as the liaison to the Institutional Traders Advisory Council, as well as representing Nasdaq OMX at industry conferences and events. She reports to Eric Noll, executive vice president at Nasdaq OMX. Nasdaq declined to comment beyond its press release.

She previously worked at Mellon Capital Management, where she served as director and trading manager. Prior to that, she was senior vice president at Franklin Portfolio Associates for 26 years before it merged with Mellon Capital Management in January 2009. During her career, she has been active on numerous committees within the industry, besides the STA.