Knight Names Steven Bisgay Chief Financial Officer, Succeeding John B. Howard
August 02 2007 - 7:30AM
PR Newswire (US)
Bisgay promoted from Managing Director, Business Development, after
more than six years at Knight JERSEY CITY, N.J., Aug. 2
/PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (NASDAQ:NITE)
today announced the appointment of Steven Bisgay, 40, as Chief
Financial Officer, effective August 10, 2007. He will succeed John
B. Howard, 37, who is leaving Knight to become Chief Financial
Officer of AQR Capital Management in Greenwich, Connecticut. "Steve
is a natural choice and excellent candidate to become Knight's new
Chief Financial Officer, and he is representative of the deep bench
strength we have," said Thomas M. Joyce, Chairman and Chief
Executive Officer of Knight Capital Group. "He has been a key
member of Knight's finance team since he joined the firm, and his
value has grown exponentially with each assignment. Steve's most
recent responsibility, overseeing Knight's business development,
has prepared him to be a well-rounded and strategic CFO. I am
confident that Steve's deep understanding of Knight's financial
reporting and businesses will allow him to hit the ground running
in his new role." Mr. Bisgay has been Managing Director, Business
Development, at Knight since January 2006. He has been instrumental
in executing on the company's growth strategy and diversifying
Knight's product portfolio, including playing an important role in
Knight's recent acquisitions of soft dollar, direct market access,
ECN, foreign exchange and fixed income businesses. In his six years
at Knight, he also oversaw financial control at the corporate level
as well as internal audit. Prior to Knight, Mr. Bisgay, a Certified
Public Accountant, spent more than 12 years at
PricewaterhouseCoopers LLP, most recently as a Senior Manager in
the firm's Financial Services Industry Practice. Mr. Bisgay's
previous business development position at Knight has not yet been
filled. "John has been a dedicated employee who has worked
tirelessly to help shape Knight into the company it is today," Mr.
Joyce said. "He earned respect as a skilled, principled CFO who
could both deftly address day-to-day financial issues as well as
focus on the big picture. We are sad to see John go but excited for
his opportunity at a respected investment management firm like AQR
Capital. On behalf of Knight's employees, management and board of
directors, I wish John continued success in his career." Biography
Steven Bisgay Managing Director, Chief Financial Officer Knight
Capital Group Steven Bisgay was named Chief Financial Officer of
Knight Capital Group in August 2007 after six years in various
roles at Knight, including business development, financial control
and internal audit. As Managing Director, Business Development,
since January 2006, Mr. Bisgay played a key role in the strategy,
management and completion of several transactions, including the
acquisitions of Knight's soft dollar, direct market access, ECN,
foreign exchange and fixed income businesses. Previously, he was
Group Financial Controller for Knight Capital Group, responsible
for the parent company's financial and regulatory reporting. Mr.
Bisgay joined Knight in June 2001 as the Director of Internal Audit
and was responsible for establishing controls and practices to
ensure Knight's compliance with corporate governance, disclosure,
reporting and accounting requirements. Prior to joining Knight, Mr.
Bisgay spent more than 12 years at PricewaterhouseCoopers LLP, most
recently as a Senior Manager in the firm's Financial Services
Industry Practice. He specialized in providing audit, accounting
and business advisory services to PwC's broker-dealer and
investment management clients. His areas of expertise included
online brokerage, fixed income, equities, venture capital,
regulatory reporting, operational risk management and investment
portfolio valuation. Mr. Bisgay, a Certified Public Accountant, has
a bachelor's degree in accounting from Binghamton University and a
master's in business administration from Columbia University. About
Knight Knight Capital Group, Inc. (NASDAQ:NITE) is a leading
financial services firm that provides voice and electronic access
to the capital markets across multiple asset classes for buy-side,
sell-side and corporate clients, and asset management for
institutions and private clients. Our Global Markets business
offers superior execution quality through natural liquidity,
capital facilitation and trading technology, with comprehensive
products and services that support the capital formation process.
Our Asset Management business, Deephaven Capital Management, is a
global multi-strategy alternative investment manager focused on
delivering attractive risk-adjusted returns with low correlation to
the broader markets. More information about Knight can be found at
http://www.knight.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 including,
without limitation, the risks and uncertainties detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risks Affecting our Business" in the Company's Annual Report on
Form 10-K. DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret
Wyrwas, Senior Managing Director of Corporate Communications &
Investor Relations, +1-201-557-6954, , Kara Fitzsimmons, Vice
President of Media Relations, +1-201-356-1523, Web site:
http://www.knight.com/
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