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NEW YORK and SAN FRANCISCO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM) , a leading provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has promoted Rotem David, Parul Dubey, Sharif Khaleel, and Chris Setaro to new roles on its Executive Leadership Team. Rotem David has been promoted to Chief Product and Technology Officer (CPTO). At NPM, he is an active member of the company’s Executive Leadership Team. In Mr. David’s new role, he will lead NPM’s product and technology divisions worldwide, responsible for setting and executing the product roadmap as well as effectively bridging the gap between product vision and technical feasibility. He will oversee tech infrastructure, engineering, QA, and product. Mr. David has spent more than 10 years building out NPM’s portfolio of products which offers liquidity and data across various transaction and client types. Prior to NPM, he held lead engineering roles at SecondMarket and Nasdaq, Inc and is credited with helping to pioneer the first tender offer solution revolutionizing the way private companies provide secondary liquidity to their shareholders. Parul Dubey has been promoted to Managing Director and Head of the Private Client Group. In her new role, she now joins the Executive Leadership Team. Ms. Dubey will lead the development of NPM’s retail business to service individuals, family offices, and mid-sized entities. Previously, she was General Manager of the Capital Markets division, where she helped build the business from inception. Ms. Dubey was instrumental in launching several capstone products, including buy-side auctions and SecondMarketTM. Prior to NPM, she worked at Wellington Management as an Investment Specialist responsible for global fund launches and distribution for private equity and healthcare hedge funds. Ms. Dubey also held investment roles at a buyout firm and served on the Board of Steven Feller P.E. (a portfolio company). She started her career at PIMCO, servicing managed separate accounts for sovereign wealth funds, central banks, and family offices in the Middle East and Africa. Sharif Khaleel has been promoted to Managing Director and Head of Institutional Trading. At NPM, he is an active member of the company’s Executive Leadership Team. In his new role, Mr. Khaleel will lead the trading desk, overseeing relationships with institutional clients and broker-dealers. He has nearly 25 years of financial services experience. Prior to NPM, Mr. Khaleel was a Managing Director at Zanbato, where he specialized in executing institutionally sized blocks of private securities. Earlier in his career, he served as a Senior Portfolio Trader at BNY Mellon. Mr. Khaleel has also held various roles on the buy side, including Derivatives and Risk Analyst at Stillwater Investment Management, Senior Trader at Farallon Capital Management, and International Portfolio and Macro Trader at BlackRock, where he spent over four years. Chris Setaro has been promoted to Chief Compliance, Regulatory, and Risk Officer. At NPM, he is an active member of the company’s Executive Leadership Team. Mr. Setaro will now oversee all compliance, regulatory affairs, and risk management functions for the company worldwide. Prior to NPM, he was a Senior Vice President and the Head of Global Risk at Forge Global Inc. Previously, Mr. Setaro was the Global Chief Compliance Officer of SharesPost, Inc. and Chief Compliance Officer for its broker-dealer subsidiary SharesPost Financial Corporation. Earlier in his career, he was a Vice President at Nasdaq, Inc. serving as the Chief Compliance Officer for several of its broker-dealers. “As our business continues to evolve, we are focused on adding talented people and valuable resources to strengthen our company and core products. I am confident that Rotem, Parul, Sharif, and Chris will each position us for continued success and accelerate our ambitions to be a key partner to participants across the private market ecosystem,” said Tom Callahan, Chief Executive Officer, Nasdaq Private Market. “I am proud of their commitment to NPM thus far and look forward to their future contributions.” NPM partners with some of the world’s fastest-growing, venture-backed private companies to facilitate company-sponsored liquidity programs. Its electronic SecondMarketTM trading marketplace is gaining adoption by sellers and buyers who trade private company shares. The company’s Transfer and Settlement product efficiently manages share transfer activity from match through settlement for some of the most sophisticated private companies and investors. Its private market premium data product Tape DTM helps investors and entities better evaluate global investment opportunities. As an industry-leading provider in the secondary market, NPM has executed $55+ billion in transactional value across 760+ company-sponsored liquidity programs for venture-backed private companies as well as 200,000+ individual eligible shareholders and investors. About Nasdaq Private Market Nasdaq Private Market provides liquidity solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. In 2013, the company was founded within Nasdaq, Inc. Today it is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo. Learn more at www.nasdaqprivatemarket.com . Visit LinkedIn and X for the latest company news. Media Contacts Nasdaq Private Market Amanda Gold Chief Marketing Officer Amanda.Gold@npm.com Disclosures and Disclaimers NPM is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner and does not offer legal or financial advice to any user of the NPM website or its services. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and member FINRA/SIPC. Transactions in securities conducted through NPM Securities, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Please read these other important disclosures and disclaimers about NPM found here: https://www.nasdaqprivatemarket.com/disclosures-disclaimer/Dr. Tom Guarr and team collaborate at the Jolt Lab Dr. Tom Guarr and team collaborate at the Jolt Lab at the MSU Bioeconomy Institute in Holland, MI Jolt is developing the world's first scaled organic flow battery, which harnesses proprietary, all-organic materials for long duration energy storage. Organic materials do not rely on mined metals or overseas supply chains for manufacturing, which can be harmful to the environment and economically unreliable. "Our organic energy storage materials will open new opportunities for domestic energy storage, combining exceptional long-life performance, environmental sustainability, and economic feasibility,” said Jack Johnson, COO of Jolt. Unlocking the Potential of Organic Chemistry Different from li-ion or traditional flow batteries, Jolt is focusing on organics for several advantages: The company plans to complete its 3kW, four-hour prototype by December 2025, marking a significant milestone in the evolution of energy storage technology. More at jolt-energy.com. About Jolt Energy Storage Technologies Jolt Energy Storage Technologies is at the forefront of energy innovation, developing organic-based battery systems designed to meet the challenges of modern energy storage. By leveraging sustainable materials and innovative designs, Jolt aims to provide solutions that are not only effective but also environmentally and economically viable. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22a17ec6-5d73-4ac2-a9d1-03d1b283c916 CONTACT: For media inquiries, please contact: Jack Johnson COO Jolt Energy Storage Technologies [email protected]
National Security Adviser Eduardo Año —Inquirer file photo/Niño Jesus Orbeta MANILA, Philippines — The chief of the National Security Council on Sunday said his office will verify the alleged assassination threat by Vice President Sara Duterte on President Marcos and his wife and on Speaker Martin Romualdez, describing it as a “matter of national security.” National Security Adviser Eduardo Año said the government considers all threats to the President as “serious,” vowing to closely work with law enforcement and intelligence communities to investigate the threat and possible perpetrators. READ: VP Sara publicly threatens to have the president assassinated “Any and all threats against the life of the President shall be validated and considered a matter of national security,” Año said in a statement. Año did not name the Vice President in his statement, but on Saturday morning, an enraged Duterte outlined in an online news conference her plan to order a hit on the first couple and Romualdez in the event of her own death. “Don’t worry, ma’am, about my security because I’ve spoken to a person. I told him that if I am killed, you kill BBM, (first lady) Liza Araneta, and Martin Romualdez. No joke ... if I am killed, don’t stop until you kill them. And then he said yes,” Duterte said. In response to Duterte’s threat, Presidential Security Command chief Maj. Gen. Jesus Nelson Morales said they have adjusted their security protocols to ensure the safety of the President and his family. Philippine National Police chief Gen. Rommel Marbil also earlier ordered an investigation into the matter. “The safety of the President is a national concern and any direct or indirect threat to his life must be addressed with the highest level of urgency,” he said. Duterte and Marcos were once political partners who won an overwhelming mandate in 2022. The alliance crumbled this year over policy differences, including foreign policy and former President Rodrigo Duterte’s deadly war on drugs. Marcos’ congressional allies are separately investigating the elder Duterte’s war against drugs that led to more than 6,000 killed in antidrug operations and alleged corruption over the younger Duterte’s use of public funds during her tenure as education secretary. Both have denied wrongdoing. Duterte quit her post as education secretary in June. Duterte could face criminal charges, including libel and attempted murder, or even disbarment over her assassination threats against President Marcos, according to a legal expert. If criminal lawyers or seasoned prosecutors were to review the Vice President’s statements, former Integrated Bar of the Philippines president Domingo Cayosa said they “might consider it attempted murder because... she said that a person already agreed [to her orders], so the deal was closed, and they were just waiting for something to happen.” “It’s a qualifying element—if you plan it, it’s not spontaneous. If you just had a fight and ended up killing someone, that’s homicide. But if you planned it, that’s murder if it happens,” Cayosa said in an interview with dzBB on Sunday. Cayosa added that libel charges could be filed, given Duterte’s use of expletives and her accusations against the first lady, particularly of allegedly ordering the bribery of education officials with millions of pesos a month in white envelopes. While filing an impeachment case is another possible course of action, Cayosa said that this would still be a “political act” and ultimately up to lawmakers’ discretion. “The easiest way,” he added, “would be to file a case for unethical conduct, which could lead to her disbarment.” Cayosa explained that the top rule for lawyers is to respect the law and legal processes—a rule that Duterte violated when she made her public remarks and also when she volunteered to be the legal counsel of her chief of staff, Zuleika Lopez, which is prohibited under the Constitution. Solicitor General Menardo Guevarra, for his part, stressed that public statements about the assassination of government officials carry significant political weight and consequences. “Any public statement about the assassination of government officials has as much political impact and repercussion as one about impeachment, mass action, or other methods of removing a person from public office, whether legally or extralegally,” Guevarra said in a Viber message to the Inquirer. “The next few days will reveal what form these political repercussions may take,” he added. However, Guevarra declined to comment on the legal implications, explaining that he did not want to preempt any actions by the Department of Justice (DOJ) or the Office of the Ombudsman. “The OSG’s role is to represent the state and its agencies before the superior courts at the appropriate time,” Guevarra pointed out. However, the DOJ has deferred the investigation of Duterte’s assassination threats to law enforcement agencies, saying it will be “ready and willing” to take action once a formal complaint is filed. “All we can say at this time is that there is an active investigation underway by the NBI and the CIDG, and the DOJ is prepared to hear any complaint that may be filed,” Justice Undersecretary Raul Vasquez said in another dzBB interview. For its part, the National Bureau of Investigation on Sunday confirmed the authenticity of the video showing Duterte threatening the lives of the President, the first lady and Romualdez over an alleged plot against her. NBI Director Jaime Santiago said in a Viber message that Justice Secretary Jesus Crispin Remulla had asked the agency to confirm the video’s authenticity. “In response to the call from the executive secretary and in coordination with the Presidential Security Command, the secretary of justice has directed the NBI to determine the veracity of the video clip circulating online regarding the threat coming from VP Duterte,” his message read. According to Santiago: “The NBI cybercrime investigators have found the videoclip to be authentic. Hindi po ito deepfake or AI-generated (It was not a deepfake or AI-generated video).” Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . “The findings were already reported to the secretary of justice... investigation is still ongoing,” he added. —with reports from Kathleen De Villa