Nasdaq has appointed Andrew Murray as senior vice president of Financial Technology for Asia-Pacific, based in Singapore, as the exchange operator expands its regional engagement with financial institutions and capital-market participants. Murray brings more than three decades of financial technology experience, most recently in international banking and payments at FIS. The appointment accompanies the relocation of Nasdaq Vice Chairman and Head of International Listings Bob McCooey to Singapore. Together, the moves strengthen Nasdaq’s senior presence in a region where financial institutions are investing in market infrastructure, data capabilities and technology to support increasingly connected capital markets.

Nasdaq Strengthens Asia-Pacific Financial Technology Leadership

Nasdaq is expanding its senior leadership presence in Asia-Pacific as financial institutions across the region navigate technology modernization, evolving market infrastructure and demand for more connected capital markets.

The appointment of Andrew Murray as senior vice president of Financial Technology for Asia-Pacific places an experienced financial technology executive in Singapore, a major regional center for banking and financial services. Murray will focus on strengthening client partnerships and supporting business growth across the region, according to Nasdaq.

His arrival coincides with the relocation of Bob McCooey, Nasdaq’s vice chairman and head of International Listings, to Singapore. While Murray’s role centers on financial technology relationships, McCooey works with companies seeking access to international capital markets. The two appointments connect Nasdaq’s technology business with its broader capital-raising and listings activities in the region.

Banking and payments experience informs the appointment

Murray brings more than three decades of experience working with financial technology providers and institutions across treasury, trading, corporate banking and capital markets. Most recently, he held a leadership position in International Banking and Payments at FIS, supporting clients across the banking and payments value chain.

His career also includes international leadership roles at FIS in Banking & Markets and Post-Trade Solutions, alongside previous experience at Calypso Technology, SunGard, Wall Street Systems and Deutsche Bank. Calypso Technology is now part of Nasdaq, giving Murray previous experience with a business within the Nasdaq organization.

That background spans several layers of financial infrastructure. Banking and payment systems handle the movement and processing of financial transactions, while trading and post-trade platforms support market activity and the processes that follow a trade, including confirmation, clearing and settlement-related workflows.

Financial institutions increasingly need these systems to work together reliably as they update technology, manage growing data volumes and respond to changing client expectations. Nasdaq’s announcement does not identify specific new products or contracts associated with Murray’s appointment, but it positions his remit around client needs and technology transformation.

Regional presence connects technology and capital markets

Nasdaq’s leadership changes also bring its Financial Technology and International Listings activities closer to the companies, financial institutions and market participants operating across Asia-Pacific.

McCooey has spent more than two decades at Nasdaq, working with companies pursuing access to global capital markets. His move to Singapore is intended to support closer engagement with regional businesses and investors. Murray’s appointment complements that activity by strengthening Nasdaq’s financial technology relationships with institutions across the region.

The distinction matters because technology modernization and capital formation are related, but different, priorities. Companies looking to raise capital need access to investors and market infrastructure, while banks, exchanges and other financial institutions require systems that support trading, risk management, regulatory processes and operational resilience.

Nasdaq’s regional strategy brings both areas into focus. Its technology business serves financial institutions, while its listings activities connect companies with capital markets. Closer local engagement could help the company coordinate conversations across these customer groups, although the announcement does not quantify expected revenue growth or specify new regional investments.

Market infrastructure faces a technology transition

Nasdaq cited artificial intelligence, data and the shift toward always-on, globally connected markets as forces shaping Asia-Pacific’s financial ecosystem. These trends create technology demands across the financial services industry, including the need to process information efficiently, connect systems and maintain reliable operations across market hours and jurisdictions.

AI can support financial institutions in areas such as data analysis, operational workflows and risk monitoring, but its use in market infrastructure also raises requirements for governance, testing and oversight. Similarly, more connected markets depend on secure system integration and operational resilience, not simply faster technology.

For technology vendors, the challenge is to help clients modernize established systems without disrupting mission-critical services. Banks and market operators must consider integration with existing infrastructure, regulatory obligations, cybersecurity and the cost of maintaining new platforms alongside legacy technology.

Nasdaq’s announcement does not detail particular AI deployments, product launches or infrastructure projects linked to the appointments. Its emphasis is on building client relationships and supporting financial institutions’ technology priorities as regional markets evolve.

Competition will depend on client needs and execution

Financial technology is a competitive market that includes specialist software providers, banking technology companies, trading-platform vendors and infrastructure suppliers. Institutions often operate systems from multiple providers, making interoperability, implementation support and long-term service relationships important factors in technology decisions.

Murray’s experience across banking, payments, trading and post-trade systems may be relevant to discussions that cross these technology categories. His appointment also follows a history with several companies serving financial institutions, including Calypso Technology before its integration into Nasdaq.

Still, executive appointments alone do not demonstrate a change in market share or customer adoption. Nasdaq has not disclosed financial targets, specific client wins or product-development commitments tied to the new regional leadership structure.

The immediate development is organizational: Nasdaq is placing senior leaders closer to customers and market participants in Asia-Pacific, with separate but complementary responsibilities spanning financial technology and international listings.

The longer-term outcome will depend on how effectively the company translates that presence into client relationships, technology deployments and support for regional capital-market development. As financial institutions modernize their systems and markets become more interconnected, local expertise and sustained engagement may help technology providers understand changing requirements. Nasdaq’s leadership moves establish a regional structure for that effort, rather than announcing a new technology product or a measurable shift in market performance.

Market Landscape

Nasdaq’s appointments reflect the intersection of financial technology, banking modernization and international capital-market development in Asia-Pacific.

• Financial infrastructure modernization: Banks, exchanges and financial institutions need reliable systems for trading, payments, data management and post-trade workflows.
• AI and data capabilities: Institutions are evaluating how AI and analytics can support operations, while maintaining governance and operational controls.
• Regional client engagement: Establishing senior leadership in Singapore can bring technology and listings teams closer to customers and market participants.
• Integrated financial services: Nasdaq’s financial technology and international listings businesses address different but complementary parts of the financial ecosystem.
• Competitive differentiation: Long-term client relationships, implementation expertise, system interoperability and service reliability remain important in financial technology procurement.

The announcement confirms leadership changes and executive experience, but it does not disclose new products, client wins or financial targets associated with the appointments.

Top Insights

• Nasdaq appointed Andrew Murray to lead Financial Technology engagement across Asia-Pacific, with Singapore serving as his regional base.
• Murray brings more than three decades of experience spanning banking, payments, trading, treasury and post-trade technology.
• Bob McCooey’s relocation to Singapore strengthens Nasdaq’s regional presence in international listings and relationships with companies seeking global capital.
• Nasdaq identifies AI, data and increasingly connected markets as key forces shaping financial institutions’ technology priorities across Asia-Pacific.
• The appointments strengthen local leadership coverage but do not, by themselves, establish new product launches, client wins or revenue commitments.

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