Bloomberg News reports that Cutler will be replaced by Garvis Toler III, an executive from Dealogic, Intercontinental Exchange, which acquired NYSE Group in 2013, said in a statement today. Toler will become global head of capital markets.
Under Cutler’s watch, NYSE dramatically increased its share of Internet and technology listings, and in 2013 won more debuts in the sector than Nasdaq OMX Group for the first time.
Cutler was one of the few remaining NYSE executives whose role predated ICE’s acquisition.
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