08:18 AM EDT, 09/06/2024 (MT Newswires) -- Nasdaq (NDAQ) said Friday that it has established an Executive Chair position for its Financial Crime Management Technology business with Nasdaq CEO Jeremy Skule assuming the expanded role.

Nasdaq said Brendan Brothers, current head of Financial Crime Management Technology and Verafin co-founder, is stepping down, starting immediately. Brothers will serve as a senior strategic adviser until at least Dec. 31.

Nasdaq named Stephanie Champion, head of sales, to succeed Brothers as head of Nasdaq Verafin.

Separately, Nasdaq said Friday it changed the accounting treatment of revenues for AxiomSL on-premises subscription contracts, starting from Q3. The company reaffirmed its medium-term growth outlook for all its divisions, sub-divisions, and the combined entities of AxiomSL and Calypso.

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