NEW YORK--(BUSINESS WIRE)--IEX Group, Inc. today announced that it has appointed Michael Lynton, the Chairman of Snap, Inc. and previously the CEO of Sony Entertainment, to its Board of Directors as a non-executive director.
“IEX is one of the rare start-ups that can change the course of financial markets, which is truly exciting to be a part of,” said Lynton. “I’ve been following the company for a few years, and am excited to work with the rest of the Board and the team at IEX as they continue to push for fairness in the stock market and protecting the interests of investors and public companies.”
IEX Group, Inc. is the parent company of the Investors Exchange LLC, America’s newest stock exchange. The IEX Group Board of Directors provides oversight over all IEX companies, weighing in on the strategic direction of the business and potential new areas for growth on behalf of shareholders.
“We’re truly excited to welcome Michael Lynton to the IEX Group Board of Directors. He is a creative thinker and incredible strategist and both his long track record of successfully leading public companies and his cutting edge work with Snap Inc. makes him an ideal fit for IEX Group’s board as we plan the next steps of our growth,” said Brad Katsuyama, Co-Founder and CEO of IEX Group, Inc. “I am looking forward to working with Michael to execute on our mission to level the playing field in the financial markets and beyond.”
Lynton announced his upcoming departure from Sony in January. In addition to his roles at Snap and Sony, Lynton is a member of the Council on Foreign Relations and has served on the board of Ares Management, L.P. since 2014. He also sits on the boards of several nonprofits.
IEX is the Investors Exchange: a fair, simple, and transparent stock exchange dedicated to investor and issuer protection. Built on the belief that every investor is entitled to the same right to trade on equal terms on every single trade, IEX is on a mission to level the playing field by eliminating unfair advantages from the markets.
On September 2, 2016, IEX launched as America’s newest stock exchange, and regularly matches nearly 150 million shares daily with a notional value of over $6 billion. On May 1, 2017, IEX reached a record market share of 2.6% of total U.S. equity volume. IEX plans to begin listing publicly-traded companies in 2017.