|JULY 12, 2010|
|Knight Appoints Richard Herr as Managing Director, Head of Business Development|
JERSEY CITY, N.J., July 12, 2010 /PRNewswire via COMTEX/ --
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of Richard A. Herr as Managing Director, Head of Business Development.
"We are delighted to have Richard join Knight as we continue to grow and develop as a firm," said Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group. "Richard has an uncommon depth of understanding of the industry and the competitive forces shaping the future. He is a terrific addition to the Knight team and I believe will be an important contributor moving forward."
Mr. Herr joined Knight from Investment Technology Group where he was responsible for strategic and business development. At Knight, he will help to execute the corporate growth strategy, which includes conducting assessments and presenting recommendations to the management team on new initiatives, partnerships and acquisitions. He reports to Steven Bisgay, Senior Managing Director, Chief Financial Officer.
"Knight has demonstrated an ability to evolve and grow amid shifting market conditions," Mr. Herr said. "I'm proud to join the firm and look forward to making a positive impact."
Mr. Herr is based in Knight's Jersey City office, phone 201.222.9400 or email email@example.com.
Richard A. Herr
Managing Director, Head of Business Development
Knight Capital Group, Inc.
Richard Herr is Managing Director, Head of Business Development, responsible for helping to execute the corporate growth strategy.
Mr. Herr joined Knight from Investment Technology Group where he was a Director, Head of Strategic and Business Development. Prior to ITG, Richard was a Senior Vice President for Equity Research at Keefe Bruyette & Woods, covering brokers, exchanges and trade execution firms. He previously held positions in equity research at First Union Securities and Bank of New York.
Richard has a bachelor of arts in economics from Fordham University.
Knight Capital Group, Inc. (NYSE Euronext: KCG) is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to 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 changes in market structure, legislative or regulatory rule changes, the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired in the future, by the Company and risks related to the costs and expenses associated with the Company's exit from the Asset Management business. 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, 2009, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter-ended March 31, 2010, 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, 2009, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.