SAN FRANCISCO--(BUSINESS WIRE)--Fantex Holdings, Inc. (Fantex Holdings) announced today that Wall Street veteran Duncan L. Niederauer – former CEO of The New York Stock Exchange – has joined its board of directors.
“Duncan is a true Wall Street pioneer, and we are excited to welcome him to our board,” said Fantex Holdings’ Chairman and co-founder David M. Beirne. “We believe his unique experience – especially in identifying, developing and giving access to new asset classes – will be extraordinarily valuable as our subsidiary Fantex, Inc. continues to acquire cash flows from athlete brands.”
Mr. Niederauer joined the New York Stock Exchange (NYSE) in 2007. As CEO, Mr. Niederauer led the transformation of the NYSE into a resurgent, high-tech marketplace with a global focus. Prior to joining the NYSE, Mr. Niederauer spent 22 years with Goldman, Sachs & Co., ultimately serving as Managing Director & Co-Head of Equities Execution Services.
“Much of my career has been focused on providing broad access to new and innovative investments. While many new asset classes are simply a repackaging of existing assets, the Fantex platform offers investors something that’s truly new and truly unique,” said Mr. Niederauer. “I’m honored to join the Fantex Holdings board, where I can combine my passion for financial innovation with my passion for sports and entertainment.”
Based in San Francisco, Fantex Holdings serves as the parent company to both Fantex, Inc. and Fantex Brokerage Services, LLC. Fantex, Inc., is a brand building company that purchases a minority interest in earnings from an athlete’s brand and works with athletes to increase the value of their brand. In order to fund the purchase, Fantex, Inc. develops a tracking stock that is linked to the economic performance of the brand. Fantex Brokerage Services is a FINRA-member broker/dealer offering investors access to the unique asset category of stocks, issued by Fantex, Inc., that are linked to the earning potential of individuals – starting with sports.