JERSEY CITY, N.J., March 30, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of Knight Managing Directors Robert K. Lyons and Alan Lhota to co-head the global fixed income business, reporting to Thomas M. Joyce, Chairman and Chief Executive Officer of Knight, as of March 31, 2011.
Mr. Lyons, 51, joined Knight in 2010 to establish and grow Knight's capital markets effort. Mr. Lhota, 48, has led Knight's U.S. High Yield, Distressed and Bank Loan sales since joining the company in June 2009. Mssrs. Lyons and Lhota will assume responsibility from James P. Smyth, Executive Vice President, Knight Capital Group, who has been serving as Interim Head of Global Fixed Income since July 2010. Knight's global fixed income business includes sales, trading, research and capital markets products and services.
"With the great bench strength Knight has in our fixed income business, we were fortunate to promote from within to name two experienced leaders, Bob Lyons and Al Lhota," Mr. Joyce said. "Both have the knowledge and the client relationships reflecting careers dedicated to fixed income and capital markets, as well as track records of success within Knight. Bob and Al will continue the momentum we've gained from key adjustments we've made to Knight's institutional fixed income business as well as from the continuing success of our electronic fixed income offering."
Knight's institutional fixed income team provides buy-side firms with research, sales and trading across a broad range of fixed income securities including high yield/distressed, investment grade, ABS/MBS, syndicated bank loans, hybrid securities, convertible bonds, municipal securities, private placements and corporate/sovereign emerging markets. Knight provides sell-side firms with access to Knight BondPoint,® a fixed income ECN for the retail bond market providing access to more than 100,000 live and executable bids and offers in addition to a customizable front-end application allowing brokers and advisors to easily search, analyze and execute trades. Knight also offers sell-side firms full-service trading across investment-grade corporates, municipals, CDs and other securities in demand among retail investors through Knight Advisor Services. Knight's Capital Markets team originates, structures and distributes equity, equity-linked and fixed income securities, primarily on behalf of mid- and small-cap issuers. The transactions cover equity and debt programs, liability management, equity buybacks and debt repurchases.
Robert K. Lyons
Co-Head of Fixed Income
Robert K. Lyons is Managing Director, Co-Head of Global Fixed Income, responsible for managing and growing the business.
Mr. Lyons, who joined Knight in 2010, is a former Vice Chairman of Investment Banking at Merrill Lynch where he spent more than 20 years. Previously at Merrill, he served as Global Head of Capital Markets and before that was Head of the Americas Capital Markets. Bob began his career at Bankers Trust.
Bob has a bachelor of arts in economics from Hamilton College and a master of business administration from the University of Chicago.
Co-Head of Fixed Income
Alan Lhota, Managing Director, is responsible for managing and expanding Knight's institutional and electronic fixed income presence as Co-Head of the business.
Previously, Mr. Lhota was Head of U.S. High Yield, Distressed and Bank Loan Sales for Knight. He joined Knight's fixed income business (formerly Knight Libertas) in June 2009 from RBS Greenwich Capital Markets where he led the High Yield team. Prior to that, Al worked at UBS in High Yield sales in the U.S. and U.K.
Following an earlier period at UBS in high yield sales, he was a founding partner of Libra Investments, later sold to US Bancorp. He began his career at Scotiabank in sales of Investment Grade and High Yield bonds. Al attended Worcester Polytechnic University.
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, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. 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.