Arxis Capital Appoints Thomas M. Joyce Chief Executive Officer; Gene Reilly to Launch Asset Management Business
NEW YORK, Feb. 9, 2017 /PRNewswire/ -- Arxis Capital Group LLC ("Arxis" or the "Company"), a technology-focused automated market maker and liquidity provider, today announced that Thomas M. Joyce, current Executive Chairman of Arxis, has been appointed Chief Executive Officer of the Company. Mr. Joyce succeeds Gene Reilly, the founder of Arxis who is launching an asset management business. Mr. Reilly will continue to serve the Company as a member of its Board and will work closely with Arxis to further the Company's endeavors.
Mr. Joyce is a recognized leader in the financial services industry, with distinguished expertise in domestic and international markets, regulatory reform, trading technology and client service. He has served as Arxis' Executive Chairman since the Company's founding and has been fully engaged with the firm and its operations during such time. Prior to joining Arxis, Mr. Joyce most recently was Chairman and CEO of Knight Capital Group, from which he retired in July 2013. Mr. Joyce joined Knight in May 2002 from Sanford C. Bernstein & Co, where he was Head of Global Trading. Prior to such time, Mr. Joyce spent close to fifteen years at Merrill Lynch, where he managed a host of major equity businesses and served as Head of U.S. Equities for several years.
Richard DeMartini, a Director of Arxis Capital and a Partner at Crestview, said, "We are honored to have Tom serve as CEO and fully expect a seamless transition. With the full support of Arxis' Board and Crestview, we look forward to Tom leveraging his knowledge and leadership skills to further the Company's growth trajectory, which it has enjoyed since Crestview's investment a year and a half ago. In only a short amount of time, Arxis has differentiated its services and capabilities for the benefit of an expanding client base. Gene has a wealth of trading experience across a number of markets and geographies and we wish him the best in his new venture."
Mr. Joyce, said, "I am delighted to lead Arxis and our talented team during this exciting time in our industry's evolution. As Executive Chairman of the Company since its founding, I am intimately familiar with our strategic roadmap, our business operations and the increasing value we offer to clients as they navigate complex markets. Arxis will remain focused on delivering the best experience and performance possible for our clients. And I want to thank Gene for his relentless stewardship of Arxis since he founded the firm. We have achieved a tremendous amount under his leadership. I am excited about our prospects as we drive Arxis forward and look forward to working with Mr. Reilly in the asset management business that he is launching."
Gene Reilly, Founder and Board member of Arxis, said, "I am so proud of what Arxis has accomplished since its founding and the broad services we offer our esteemed clients. As a member of the Company's Board, I look forward to supporting Tom and the management team as Arxis expands across geographies and asset classes, and to leveraging Arxis Capital's extremely capable automated trading platform for asset management."
About Tom Joyce
Mr. Joyce is a former Board member of SIFMA, Nasdaq and Archipelago. He served as Chairman of Nasdaq's Quality of Markets Committee and as a member of the NYSE's Market Performance Committee and of the Merrill Lynch Europe Executive Committee.
Mr. Joyce currently serves on the Board of Directors of Sandboxx, LLC; Clearpool, Inc., and the Alfred Smith Foundation. He is also a member of SAG-AFTRA.
He received his degree in economics from Harvard College.
About Arxis Capital Group LLC
Arxis Capital Group LLC is an electronic trading firm specializing in providing liquidity and making markets in global securities. Its goal is to develop and utilize technological innovations that intelligently analyze data in order to deliver liquidity across all asset classes. It is headquartered in New York, with operations in London and Hong Kong. Arxis Capital was formed in 2014 by senior equities trading executives from Bank of America Merrill Lynch's Global Market Making Business.
About Crestview Partners
Founded in 2004, Crestview Partners is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over $7 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview's senior investment professionals primarily focus on sourcing and managing investments in each of the specialty areas of the firm: media, energy, financial services, and industrials. For more information: www.crestview.com.
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