ITG Appoints Bahar Brown as head of Asian analytical sales
Newly created role reflects growing importance of trade cost analytics to Asian fund management firms
HONG KONG September 21, 2010 – Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced the appointment of Bahar Brown as Head of Analytical Sales for Asia, based in Hong Kong. Ms Brown takes up a newly created role consulting to ITG’s buyside clients on alpha preservation trading strategies and building on demand for trade cost analytics as best execution practices develop across Asia. She reports to Ofir Gefen, ITG’s Asia Pacific head of analytical products and research.
Mr Gefen said, “Trading costs in Asia are generally higher than in other regions. The Asian fund management industry has a growing awareness that these costs affect fund performance and that analysis and changes to trading processes can reduce costs to improve fund value. Bahar combines knowledge of the Asian buyside with in-depth experience of electronic trading which will be vital in helping our clients successfully understand their trading costs and implement changes. I look forward to working with her in developing buyside usage of trade cost analytics as electronic trading and best execution practices evolve in Asia.”
Ms Brown joins ITG from Nomura’s electronic and program trading team where she had worked for two years, with a further two years in the Lehman Brothers electronic trading group. Previously she also held roles in the DMA/ algorithm sales team at Deutsche Bank in Asia and with Citigroup’s GCB Wealth Management group in the UK.
ITG is the largest provider of transaction cost analysis tools in the world, providing services to 40 of the top 50 managers globally (by size). ITG’s peer trading cost database covers over 30% of total Asia Pacific ex-Japan turnover and 17% of total Japanese equity turnover making it the leading source of comparative, global trade cost information.
About Investment Technology Group
Investment Technology Group, Inc., is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading since launching POSIT® in 1987, ITG’s integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG’s independence, experience, and agility 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 regions. For more information on ITG, please visit www.itg.com.
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