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NYSE Group Names President

The company appoints Goldman Sachs exec Duncan Niederauer as president and co-COO

NYSE Group


, the company that operates the

New York Stock Exchange

, announced late Monday that Duncan Niederauer will be the new president and co-chief operating officer, effective April 9.

Niederauer currently serves as managing director of

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Goldman Sachs Group

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

and will be responsible for U.S. cash equities operations.

NYSE said that Gerald Putnam, current president and co-COO will become vice chairman with responsibility for technology, product development and options.

Catherine Kinney will continue to serve as president and co-COO along with Niederauer and will oversee NYSE's global listings business.

NYSE Group Chief Executive Officer John Thain called Duncan an "innovator and a highly experienced, skilled professional whose extensive knowledge of U.S. and international financial markets will greatly serve NYSE Group and our constituents."

Shares of NYSE closed the regular session off $1.34 to $90.01. After hours, shares gained 29 cents.