ITG Announces New Leadership Appointments
NEW YORK, July 14, 2011 /PRNewswire via COMTEX/ --
Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced appointments to key roles in the firm's leadership.
David Stevens will take on a new role as Head of U.S. and Latin America, based in New York. Stevens was most recently CEO of ITG's Asia Pacific business and previously ran ITG's European operations. In his new role, Stevens will also retain oversight of the Asia Pacific region. Before joining ITG six years ago he managed European research sales at J.P. Morgan after starting his career at Goldman Sachs.
Jamie Selway has been named ITG's Head of Liquidity Management, as well as ITG's derivatives business. ITG Liquidity Management includes the firm's POSIT® crossing network and its Smart Routing and Algorithmic trading units. Jamie will continue to offer insight and guidance to ITG's clients on market structure and financial regulatory developments. Selway was formerly the chief economist at Archipelago.
Jeff Bacidore is joining ITG as head of algorithms, reporting to Selway. Bacidore previously served as head of algorithmic trading and trading research at Goldman Sachs Asset Management and as director of research at the NYSE.
Ralph Edwards has joined the firm as ITG's derivatives strategist. Edwards has more than three decades of options trading experience, starting on the CBOE and continuing at several major Wall Street firms, most recently launching an options business for Sanford C. Bernstein.
"David has performed with distinction in every one of his leadership roles at ITG. His balance of electronic execution and research sales experience positions him well to lead the transformation of our U.S. business. Jamie is a widely acknowledged thought leader in our space and greatly respected by our clients for his unique perspectives on best execution. Both bring fresh intensity to their respective roles and will position the firm well in our quest for more share of the client wallet," said ITG's Chief Executive Officer and President, Bob Gasser. "I am also pleased to welcome Jeff and Ralph as they bring their unique skill sets and industry experience to our firm."
Investment Technology Group, Inc., is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.
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SOURCE Investment Technology Group, Inc.