JERSEY CITY, N.J., Feb. 28, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Jamil Nazarali, Senior Managing Director, Knight Capital Americas, L.P., responsible for the Electronic Trading Group (ETG), has resigned effective today. Additionally, Knight announced the resignation of ETG Managing Director Matt Cushman, also effective today.
Steven Sadoff, Executive Vice President and Head of Operations, Services and Technology, will oversee the ETG business during the transition. Knight will immediately commence a search for a replacement to lead ETG.
The company thanks Jamil and Matt for their contributions to Knight during their tenure and wishes them well.
Since Knight's expansion in electronic trading with the arrival Chairman and CEO Tom Joyce in 2002, the company has built a strong bench of talent in its ETG business, with a team of quantitative strategists, developers, traders and sales people. Knight is proud of the innovation of the ETG business and the work this team accomplishes every day for the firm. The company looks forward to building on past successes and for the next phase of growth for both ETG and Knight.
Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms, and corporations. Knight is headquartered in Jersey City, N.J. with a growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, 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 including, without limitation, risks associated with changes in market structure, legislative or regulatory rule changes and the costs, risks related to the performance of Knight's Electronic Trading Group and our ability to hire qualified management personnel, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. 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. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2009, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter-ended March 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2009, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.