Knight Launches Fixed Income Offering for Investment Advisors

Jun 30, 2010, 07:30 ET from Knight Capital Group, Inc.

JERSEY CITY, N.J. and GREENWICH, Conn., June 30 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that it has established Knight Advisor Services to provide fixed income sales, trading and research to the investment advisor community.

A team of five experienced traders and relationship managers joined Knight from Morgan Stanley to form Knight Advisor Services. Joshua B. Zucker, Managing Director, leads credit sales and trading for the group. Bohn C. Vergari is a Director in Registered Investment Advisor (RIA) sales. Joseph T. Miller, Vice President, is responsible for credit sales, and Patrick J. Moore is Vice President, broker-dealer sales. John W. Browning, Assistant Vice President, leads business development.

"Investment advisors have been left to develop their own networks of trading partners and research providers. Knight Advisor Services addresses the coverage gap by serving sophisticated investment advisors who seek competitive pricing, deep inventory and service, but who are less active or execute in smaller trade sizes than the average portfolio manager," said Gary Katcher, Executive Vice President, Head of Global Institutional Fixed Income at Knight Capital Group. "We see an opportunity to better serve this client base by combining the expertise of our new team with Knight's electronic and voice access and trading, deep resources, and broad universe of products."

Knight Advisor Services clients include RIAs and broker-dealers who serve high-net-worth investors, endowments and foundations. The team trades investment-grade corporates, municipals and Certificates of Deposit, among other fixed income securities in demand by investment advisors.

Knight Advisor Services recently launched its website, www.knightgateway.com, to provide investment advisors with desktop access to trading, research and the broader array of services offered by Knight.

Clients have voice and electronic access to multiple sources of liquidity, including 300 broker-dealers through an electronic platform, more than 2,300 institutional clients of Knight, and some of the largest trading desks on the Street. These sales and trading capabilities are complemented by credit-specific research, market commentary and access to Knight's intellectual capital.

"Knight Advisor Services helps our clients meet the growing demand for fixed income expertise as the U.S. population ages and more investors shift from wealth generation to preservation," Mr. Zucker said. "At the same time, the credit crisis reinforced the need for our clients to differentiate the portfolios they build with fixed income allocations. More advisors are seeking to increase transparency and reduce costs by managing fixed income themselves as opposed to outsourcing to funds. We have the flexibility to meet the needs of advisors who seek greater control over their fixed income portfolios."

Knight Advisor Services is a division of Knight Libertas LLC.  Brokerage and execution services are provided by Knight Libertas LLC, member of SIPC.

Biographies

Joshua B. Zucker

Managing Director, Knight Advisor Services

Knight Libertas LLC

Joshua Zucker, Managing Director, leads credit trading and sales for Knight Advisor Services.

Mr. Zucker built Morgan Stanley's Special Situations Group, focusing on providing the top fixed income-producing financial advisors with trade ideas and execution. He has more than 12 years experience in credit trading and sales overall.

Josh has a bachelor of arts in history from Williams College.

Bohn C. Vergari

Director, Knight Advisor Services

Knight Libertas LLC

Bohn Vergari is a Director of RIA sales for Knight Advisor Services.

Mr. Vergari joined Knight after 12 years in dealer and RIA fixed income sales at Morgan Stanley. Bohn managed Morgan Stanley's internal service desk for fixed income-producing financial advisors. He also was responsible for launching the Municipal Dealer Sales Group to provide the broker-dealer community with access to the firm's municipal inventory.

Bohn has a bachelor of arts in history from Williams College.

Joseph T. Miller

Vice President, Knight Advisor Services

Knight Libertas LLC

Joseph Miller is Vice President, Knight Advisor Services, in credit sales.

Mr. Miller spent seven years at Morgan Stanley where he assisted in providing fixed income sales coverage to the top advisors within the Morgan Stanley retail brokerage force.

Joe has a bachelor of arts in finance from George Washington University.

Patrick J. Moore

Vice President, Knight Advisor Services

Knight Libertas LLC

Patrick Moore is Vice President, Knight Advisor Services, with responsibility for broker-dealer sales.

Mr. Moore has more than 12 years of experience in fixed income sales. Working for Morgan Stanley in New York, San Francisco and the U.K., he assisted the firm's broker-dealers and private bank clients with fixed income solutions.

Pat has a bachelor of arts in economics from Williams College.

John W. Browning

Assistant Vice President, Knight Advisor Services

Knight Libertas LLC

John Browning, Assistant Vice President, oversees business development for Knight Advisor Services.

Mr. Browning joined Knight from Morgan Stanley where he led business development efforts for the RIA Fixed Income Sales Desk. Previously, he worked as an Investment Grade Credit Analyst with J&W Seligman until 2008. Jack has more than seven years in wealth management sales, including positions at Oppenheimer & Co. and at UBS.

Jack has a bachelor of arts in political science from the University of Vermont and a master of finance from The New School University.

About Knight

Knight Capital Group, Inc. (NYSE Euronext: KCG) is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to 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, the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired in the future, by the Company and risks related to the costs and expenses associated with the Company's exit from the Asset Management business. 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.



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