NYSE executive sees job losses post Deutsche Boerse merger

Reuters

NEW YORK (Reuters) - A top NYSE Euronext <NYX.N> executive said on Monday the U.S.-based exchange's merger with Germany's Deutsche Boerse AG <DB1Gn.DE> would lead to more job losses outside the United States than inside the country, in the short term.

Lawrence Leibowitz, chief operating officer of the Big Board parent company, speaking at a U.S. House of Representatives subcommittee hearing, said he "wouldn't expect many job losses" in the United States, adding the $10.2 billion deal would position the combined company to grow.

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(Reporting by Jonathan Spicer)