Dave Gedeon has been appointed CEO of Bloomberg Index Services Limited to succeed Steve Berkley, who is retiring in March.

Gedeon, who is currently serving as deputy CEO and head of index product, has overseen the strategy and development of products and services for Bloomberg’s Multi-Asset Index business, including the commodity and alternatives index suite, multi-asset strategies, third-party calculation efforts and the global equity indices launch and subsequent expansion into emerging markets and thematic benchmarks.

Prior to joining Bloomberg, Gedeon was the global head of research and development at Nasdaq and was responsible for index product management, development, and research of Nasdaq Global Indexes. “A recognized leader in index design and implementation, Gedeon has overseen the launch of thousands of indices and subsequent product growth during his tenure in the industry,” Bloomberg said.

“Joining Bloomberg Indices with the opportunity to help craft the multi-asset strategy was an immense professional opportunity as it brought me into an organization with renowned index experience and leadership which guided our flagship fixed income benchmarks through decades of market fluctuations,” Gedeon said in a statement.

In his role as CEO, Berkley was directly involved in Bloomberg’s acquisition of Barclays Risk Analytics and Index Solutions in 2016. Under his leadership, Bloomberg Indices expanded beyond its flagship fixed income offering to include benchmarks for equities, commodities, ESG, multi-asset and thematic strategies, as well as index-linked products such as the Bloomberg Short Term Bank Yield Index and Bloomberg’s Tradable Trackers. Total assets tracking Bloomberg’s indices total in the trillions of dollars, Bloomberg said.

“It has been an honor to serve as CEO of Bloomberg Indices for the past eight years and to collaborate with my colleagues to build resilient, time-tested products on which the capital markets depend,” Berkley, said in a statement.