SecondMarket Names Dominic Preuss its Head of Product

SecondMarket, the leading marketplace for alternative investments, announced today that Dominic Preuss has been named the company’s first Head of Product. Preuss will lead SecondMarket’s rapidly expanding technology efforts, with an emphasis on creating and implementing features that will transform and modernize the company’s online trading platform, while dramatically improving the SecondMarket user experience.

"We are thrilled to have Dominic join our fast-growing technology team,” said SecondMarket Founder and CEO Barry Silbert. "Dominic has had tremendous success in his career and we believe he is the perfect fit to lead our effort to create a trusted global platform that will revolutionize the way alternative assets are discovered, analyzed and traded. We are committed to building a world-class technology team and adding Dominic is the latest step in that effort.”

Prior to joining SecondMarket, Preuss most recently was senior vice president of FiLife, an independent joint venture between Dow Jones and Interactive Corp. (IAC), where he led the product, engineering and systems teams, and was jointly responsible for day-to-day operations. Previously, he worked as a product manager at Google where he was responsible for local advertising product strategy and monetization of its location-based services.

Preuss also worked as vice president of marketplace for MeetUp, a leading New York-based social media company, and he was the founder and CEO of FunCoop. Preuss earned his Bachelor of Science in Engineering (BSE) degree in Biomedical Engineering from Duke University.

"It’s exciting to be the newest addition to SecondMarket’s dynamic, growing technology team,” said Preuss. "SecondMarket is a unique, innovative company that bridges the technology and finance sectors, and I’m very much looking forward to this exciting new chapter in my career.”

SecondMarket will continue to add key members to its expanding technology team in the coming months.

About SecondMarket

Founded in 2004, New York-based SecondMarket is the largest secondary market for illiquid assets, including private company stock, limited partnership interests, auctionrate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgagebacked securities, assetbacked securities, warrants/restricted stock and whole loans. SecondMarket has over 15,000 participants including global financial institutions, regional and community banks, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors. SecondMarket’s shareholders include FirstMark Capital, New Enterprise Associates (NEA), SVB Financial Group (Nasdaq: SIVB), the Li Ka-Shing Foundation and Dunearn, a subsidiary of (Singapore) Temasek Holdings. SecondMarket is a registered broker-dealer (Member FINRA, MSRB and SIPC). SecondMarket was recently selected as a 2011 Technology Pioneer by the World Economic Forum in Davos, Switzerland. For further information, please visit www.SecondMarket.com.

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