|DECEMBER 3, 2008|
|Knight Appoints Kyle W. Stewart Head of Institutional Asian Equities|
|JERSEY CITY, N.J. and HONG KONG, Dec 03, 2008 /PRNewswire via COMTEX News Network/ -- JERSEY CITY, N.J. and HONG KONG, Dec. 3 /PRNewswire-FirstCall/-- Knight
Capital Group, Inc. (Nasdaq: NITE) today announced the appointment of Kyle W.
Stewart to the newly-created position of Managing Director, Head of
Institutional Asian Equities for Knight Asia Limited. Mr. Stewart joined
Knight from Citigroup, where he was Head of Asia-Pacific Cash Equity Trading
in the Institutional Clients Group based in Hong Kong.
Mr. Stewart is responsible for overseeing Knight's offering for institutional firms across the Asia-Pacific region. He is charged with recruiting and managing a sales and trading team to work with clients across Asia, Europe and North America. He will also oversee sales of electronic access and trading services to Asia-based firms.
"Expansion into the Asia-Pacific region is a central component of Knight's growth strategy," said Gregory C. Voetsch, Executive Vice President and Head of the Institutional Client Group. "We are expanding our offering to include trading in Asian securities in order to help our institutional clients meet their global trading objectives. At present, we're assembling a dedicated institutional sales and trading team based in Hong Kong as well as beginning outreach to prospective new clients in the region. In due course, we will introduce electronic access and trading services in Asian securities."
Knight provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight was recently approved as a participant in the Hong Kong Stock Exchange and plans to offer clients access to markets across the Asia-Pacific region.
"Knight provides clients with anonymous access to the global capital markets, actionable market insights and solutions to help limit market impact and lower execution costs," said Mr. Stewart. "Establishing a presence in the region will allow us to enhance our offering for institutional clients around the world."
Mr. Stewart is based in Knight's new Hong Kong office, phone 852 3897 5000 and fax 852 3987 5100.
Kyle W. Stewart joined Knight from Citigroup where he was Head of Asia-Pacific Cash Equity Trading in the Institutional Clients Group based in Hong Kong.
Mr. Stewart moved to Hong Kong in April 2000 to manage Citigroup's execution and cash trading business across the Asia-Pacific region, excluding Australia and Japan. Prior to moving to Hong Kong, he worked as a trader on Citigroup's International Equities desk in New York.
Mr. Stewart has a BA from Lehigh University where he was a dual major in Finance and Economics.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading capital markets firm that provides electronic and voice access to the global capital markets across multiple asset classes for buy-side, sell-side and corporate clients. In Global Markets, we provide market access and trade execution services in nearly every U.S. equity security and a large number of international securities, fixed income, foreign exchange, futures and options. In Asset Management, Knight owns a 51 percent stake in Deephaven Holdings with Deephaven Partners controlling the remaining 49 percent as of February 1, 2008. Deephaven (www.deephavenfunds.com) is a global, multi-strategy alternative investment manager serving institutions and private clients. More information about Knight can be found at www.knight.com.
Certain statements contained herein, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with the costs, integration, performance and operation of businesses recently acquired, or that may be acquired in the future, by the Company, and risks associated with the unprecedented current market conditions and the resulting volatility, credit tightening and counterparty risk, as well as the negative effect on performance and assets under management in our Asset Management business and the suspension of redemptions and withdrawals announced in the Form 8-K filed by the Company on October 30, 2008. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2007, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2007, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.