ITG Makes Key Appointments in Europe
Hires IT Head from Goldman Sachs
Investment Technology Group, the technology-based equity trading services group, today announced that it has made a number of significant appointments within its European business, including the hiring of a new head of information technology.
ITG is a specialised, agency-only brokerage, which provides clients with innovative technologies that span the entire electronic trading process. Working in partnership with clients, ITG adds value during pre-trade analysis, trade execution and post-trade analysis with such products as POSIT® – the intraday equities crossing system and the transaction analysis tool TCA®. ITG is a pioneer in the algorithmic arena and a market leader in the provision of execution management systems such as Triton™.
Michael Green joined ITG on 19th February as Head of Information Technology in Europe where he will be leading a team of over 40 employees based in London and Dublin. Michael will be a member of ITG's European executive committee. Previously, Michael, 36, spent over nine years at Goldman Sachs – the last two years as European IT manager of client and exchange connectivity, position keeping and trade capture. He was responsible for a team of 35 and was part of the senior management group for equities in Europe and global connectivity. Prior to joining Goldman Sachs, Michael spent four years at PriceWaterhouseCoopers as an IT consultant. He has a bachelor's degree in economics and a master's in IT.
Michael replaces Ronen Kertis, who will be relocating to Israel to become General Manager of the Tel Aviv office where the development of ITG's European software is centred.
ITG has also hired Daniel Shaw, previously an executive director of Goldman Sachs within the REDI+ electronic transaction services division responsible for sales, direct market access and algorithmic trading. Daniel's role is to create and head up an execution management function in Europe that services clients who self-direct their own business using ITG's tools and services such as Triton and ITG Algorithms. During his eight years at Goldman Sachs, Daniel held a number of roles primarily in the institutional equities trading business. He has a degree in mathematics and astrophysics. Daniel, 36, reports to Robert Boardman, head of algorithmic sales for ITG in Europe.
Other hires include Matthew Paré, who joined on January 22, to spearhead sales of client site products such as ITG'S Triton Execution Management System (EMS). He joined from Royalblue Financial, where he was head of sales for the Fidessa EMS to the buy-side community. Matthew, 31, reports to Jamie White, head of ITG's client site products in Europe. Prior to Fidessa, Matthew spent three years at Easybroker as head of product development and institutional sales, and before that was involved in business development for NASDAQ Europe.
Commenting on the appointments, David Stevens*, CEO of ITG in Europe, said:
“I am delighted that Michael, Dan and Matthew have joined ITG. This year will be very important for us in terms of the introduction of new tools and services and we are confident that Michael's wealth of transaction IT experience will be invaluable to us.
The appointment of Daniel follows the strategic decision to provide our users of client site products with a dedicated service function to better cater for their needs and Matthew has come on board to strengthen the expanded client site sales team. I welcome them to ITG.”
Michael Green added:
“ITG is the right company at the right time – I am very excited by the opportunity to lead the technology team within a company that really understands and values this sector.”
*David Stevens was appointed CEO of ITG in Europe in early 2007. He replaces, and reports to, Alasdair Haynes who has become CEO of ITG International and is now responsible for all ITG's European and Asian businesses.
For more information please call Belinda Keheyan on 020 7670 4014
ITG® is a global brand that, in Europe, refers to Investment Technology Group Europe Limited (“ITGEL”) and/or its parent company, Investment Technology Group Limited (“ITGL”). ITGL and ITGEL are authorised by the Irish Financial Regulator under the Investment Intermediaries Act, 1995 and provide services within other member states under Article 14 of the Investment Services Directive. ITGL is a member of the London Stock Exchange, Deutsche Börse and Euronext and operates POSIT, the Alternative Trading System. ITGEL London Branch is regulated by the Financial Services Authority for the conduct of investment business in the UK. Website: www.itg.com
Investment Technology Group, Inc. (NYSE:ITG) is a specialised agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. A pioneer in electronic trading, ITG has a unique approach that combines pre-trade analysis, order management, trade execution and post-trade evaluation to provide clients with continuous improvements in trading and cost efficiency. The firm is headquartered in New York and has offices in North America, Europe and Asia Pacific.