|JULY 9, 2003|
|Knight Adds International Sales Trading Team to Institutional Client Offering|
JERSEY CITY, N.J., Jul 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Knight Trading Group, Inc. (Nasdaq: NITE) today announced that it has hired an established team of institutional sales trading professionals with expertise in international equities, including locally traded shares worldwide and American Depository Receipts (ADRs). The five-person team joined Knight from Citigroup Inc.
Robert P. Roberto, 43, was named Managing Director of International Sales Trading and will lead the team. He was responsible for launching Smith Barney's international sales trading business in 1992. Harry T. Bourque, 40, named Director, International Sales Trading, worked with Mr. Roberto to start the unit in 1992. He also worked in international sales trading for UBS Securities and in U.S. equity sales trading for Lehman Brothers.
Conrad J. Hopkins, 32, Vice President, International Sales Trading, has worked in international equities for four years with Salomon Smith Barney/Citigroup and for three years before that with Morgan Stanley. Douglas T. Modico, 41, Director, International Sales Trading, has worked in international sales trading for Salomon Smith Barney/Citigroup and HSBC after starting his career at PaineWebber, where he worked for nine years. Michael J. Varano, 34, Director, International Sales Trading, has spent his career in international sales trading at Salomon Smith Barney/Citigroup, Deutsche Bank Securities and HSBC Securities.
The international sales trading team, based in Knight's Jersey City, N.J. headquarters, will report to Gregory C. Voetsch, Senior Managing Director and Head of Sales.
"Robby and his team bring with them the capability to serve institutions requiring sales trading in equities around the globe on a real-time, 24-hour basis. This international sales trading offering is one more piece added to the comprehensive menu of products and services Knight has built over the last year to better serve our institutional clients," said Thomas M. Joyce, Chief Executive Officer and President of Knight Trading Group. "Moreover, Knight's ability to attract such experienced and widely respected individuals from the Street reflects the professionalism and progression of our firm. Knight continues its effort to transition from a company that attracted business on sheer size and ability to process order flow, to one that will be regarded for quality trade executions and institutional expertise."
Knight is focused on meeting the needs of institutional and broker-dealer clients by providing comprehensive trade execution services in cash equities and options. A leading execution specialist, Knight offers capital commitment and access to a deep pool of liquidity across the depth and breadth of the market as it strives to provide superior client service. Knight also maintains a $1 billion asset management business for institutions and high net worth individuals. More information about Knight can be obtained at www.knighttradinggroup.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. 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. 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; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission.[Biographies follow]
Robert P. Roberto
Robert P. Roberto, 43, has more than a decade of experience building and managing international sales trading operations.
Robby joined Knight after more than 12 years with Salomon Smith Barney/Citigroup, where most recently he was the firm's Managing Director of International Sales Trading. In early 1992, Robby was responsible for launching Salomon Smith Barney's international sales trading business. Through mergers and strategic hires, he helped to grow what started as a nascent offering -- international equity sales trading for U.S.-based institutional clients -- into a 24-hour global operation. Robby's responsibilities included management of a London sales trading desk, part of the worldwide operation.
Before he started his career in the securities industry, Robby worked in importing and international marketing. He has a B.A. in History from the University of Rhode Island.
Harry T. Bourque
Harry T. Bourque, 40, joined Knight from Salomon Smith Barney/Citigroup where he was a Director of International Sales Trading. In early 1992, Harry was involved in the creation and launch of Salomon Smith Barney's international sales trading desk. Over the last decade, he has been responsible for the firm's institutional accounts throughout North America.
Prior to joining Salomon Smith Barney, Harry was a Vice President and International Sales Trader for UBS Securities. For six years, he covered the firm's U.S. accounts on international stocks. Harry also worked in U.S. equities sales trading for Lehman Brothers' high-net-worth business.
Harry has a B.A. in History from Dartmouth College, where he played varsity football and lacrosse.
Conrad J. Hopkins
Conrad J. Hopkins, 32, joined Knight from Salomon Smith Barney/Citigroup where he was a Vice President of International Sales Trading for four years. He also worked in international equities at Morgan Stanley for three years prior to joining Salomon Smith Barney.
Conrad started his career trading foreign exchange cash and derivative products for Sumitomo Bank in New York.
Conrad received a Bachelor of Business Administration from Hofstra University.
Douglas T. Modico
Douglas T. Modico, 41, was a Senior International Sales Trader at Salomon Smith Barney/Citigroup for four years until joining Knight.
Prior to joining Salomon Smith Barney, Doug was a Senior Sales Trader in International Equities for HSBC, where he worked for five years. He began his career at PaineWebber where, from 1985 to 1994, he held various positions ranging from Management Associate to Buy-Side Trader for the firm's mutual funds.
Doug has a B.A. from the State University of New York College at Cortland and an M.B.A. from Fordham University.
Michael J. Varano
Michael J. Varano, 34, has spent his career in international sales trading. For four years before joining Knight, Michael was a Director of International Sales Trading at Salomon Smith Barney/Citigroup.
Michael started working in international sales trading as a Vice President at HSBC Securities for two years. He left to join Deutsche Bank Securities' international sales trading unit as a Vice President until, after two years, he left for Salomon Smith Barney.
Michael has a B.S. in Business Administration from the University of New Hampshire and an M.B.A. from Columbia Business School.
SOURCE Knight Trading Group, Inc.