OTC Markets names Robert Power to fill new role

OTC Markets has appointed Robert Power, former NYSE co-head of sales for global corporate clients, to a newly created role at the financial marketplaces firm.

In his new position Power is responsible ‘for increasing OTC Markets Group’s engagement with OTCQX and OTCQB issuers and supporting the enhancement of OTC Markets Group’s service and technology offerings,’ according to a press release announcing his appointment.

Robert Power, OTC Markets

Power comes from a position at NYSE where he was responsible for building relationships with more than ‘1,000 NYSE-listed US companies and listing publicly traded companies that are listed on other US equities markets.’ Boasting 20 years’ experience in senior sales and marketing positions at US stock exchanges, he now reports to Jason Paltrowitz, managing director and global head of business development at OTC.

Welcoming Power to the firm, Paltrowitz notes the ‘rapidly growing community of OTCQX and OTCQB companies’.

‘We are focused on nurturing [this] success,’ he says. Working with Power, Paltrowitz says he is looking forward to increasing ‘[OTC] issuers’ engagement and developing innovative resources, tools and initiatives that support their success as public companies.’

Prior to his most recent role at the NYSE, Power was vice president of capital markets at the exchange’s IPO group, responsible for listings across the East Coast and Midwest. Before that, he served as director of new listings for the Archipelago Exchange (ArcaEx), and was later appointed a vice president of NYSE Arca following ArcaEx’s merger with the NYSE in 2006.

A graduate of Pace University’s Lubin School of Business, Power also held various senior positions at NASDAQ and the American Stock Exchange.