JERSEY CITY, N.J., Jan. 22 /PRNewswire-FirstCall/ -- Knight Capital Group,
Inc. (Nasdaq: NITE) today announced that the company has promoted Senior
Managing Directors Gary Katcher, Head of Global Fixed Income, and Steven J.
Sadoff, Chief Information Officer, to Executive Vice Presidents. Knight's
Board of Directors approved the appointments at its regular quarterly meeting
January 21, 2009.
Mr. Katcher, 51, joined Knight in July 2008 with the company's acquisition
of Libertas Holdings, LLC, renamed Knight Libertas LLC. Founded by Mr.
Katcher, Knight Libertas provides trade execution services and investment
research to institutions across a broad range of fixed income securities,
including high-yield and high-grade corporate bonds, distressed debt,
asset-backed and mortgage-backed securities, convertible bonds and syndicated
"Gary is building a terrific business at Knight Libertas, which has
allowed Knight to immediately expand our offering across asset classes with
institutional fixed income," said Thomas M. Joyce, Chairman and Chief
Executive Officer, Knight Capital Group. "Since Knight acquired Libertas in
July of 2008, we have been exceptionally pleased with its growth momentum and
its contribution to our company. Gary has quickly established himself as a
leader at Knight. I am pleased to acknowledge Gary's and Knight Libertas'
achievement today with his promotion."
Mr. Sadoff, 45, has been with Knight since April 2002 and is responsible
for all technology, information operations, and facilities for the firm.
During his tenure, Mr. Sadoff has overseen the buildout and enhancement of
Knight's trading floor technology and capacity, electronic market-making
infrastructure, and domestic and international facilities.
"Steve has distinguished himself in leading Knight's technology team as it
built one of the most robust trading platforms on Wall Street," Mr. Joyce
said. "Knight's technology is critical to our success, allowing us to support
an outstanding voice operation and expanding electronic side of our hybrid
market model. A significant, near-term focus for Steve is to now support
Knight's trading technology infrastructure internationally. Steve's guidance
and keen business instincts over nearly seven years have made him a key
contributor to the organization."
Executive Vice President, Head of Global Institutional Fixed Income
Knight Capital Group, Inc.
Gary Katcher, Executive Vice President, Head of Global Institutional Fixed
Income, has more than 25 years of fixed income trading experience. He oversees
Knight Libertas LLC.
Under Mr. Katcher's direction, Knight Libertas provides trade execution
services and investment research across a broad range of fixed income
securities, including high yield and high grade corporate bonds, distressed
debt, asset-backed and mortgage-backed securities, convertible bonds and
syndicated loans. Knight Libertas also provides capital markets services to
growing companies in need of financing to support expansion. Prior to joining
Knight, Mr. Katcher was the Chief Executive Officer of Libertas Partners LLC,
a firm he founded in 2002 and sold to Knight in July 2008.
Mr. Katcher spent more than a decade at Merrill Lynch where he headed high
yield trading. His career also includes roles at Royal Bank of Canada, Bear
Stearns and E.F. Hutton where he started in 1982 and was eventually promoted
to head the high yield desk.
Mr. Katcher holds an MBA in Finance from New York University.
Steven J. Sadoff
Executive Vice President, Chief Information Officer
Knight Capital Group, Inc.
Steven J. Sadoff, Executive Vice President, Chief Information Officer,
oversees all technology, information operations, and facilities for the
company. Mr. Sadoff has been with the company since April 2002.
Prior to joining Knight, Mr. Sadoff was the Chief Information Officer for
BondBook, responsible for global oversight, strategy, purchasing and
implementation of technology. From 1995 until 2000, he was with Merrill Lynch
& Co. where for the last two years he was a Director responsible for the
technology for the Global Liquidity and Credit businesses in addition to
leading e-commerce initiatives. The first three years he was with Merrill
Lynch Japan, responsible for front office technology and infrastructure. From
1990 to 1995, Mr. Sadoff was with Lehman Brothers, most recently as a Vice
Mr. Sadoff holds a bachelor's degree in computer science, a master's
degree in electrical engineering and a doctorate in computer science from
Washington University in St. Louis.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services
firm that provides electronic and voice access to the 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, futures, options, foreign exchange and fixed income. 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 Quarterly Report
on Form 10-Q for the three months ended September 30, 2008, 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.
CONTACT: Margaret Wyrwas, Senior Managing Director, Communications,
Marketing Communications & Investor Relations, +1-201-557-6954,
email@example.com, or Kara Fitzsimmons, Director, Media Relations,
+1-201-356-1523, firstname.lastname@example.org, or Jonathan Mairs, Vice President,
Corporate, +1-201-356-1529, email@example.com/
/Web Site: http://www.knight.com /