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Screenshot of a breaking news alert e-mail from Q2 2017
KCG Holdings, Inc. (NYSE: KCG) announced today that its Board of Directors has appointed Peter Fisher, Colin Smith, Heather Tookes and Adrian Weller as Directors, effective immediately.
KCG also announced that Rene M. Kern and John C. (Hans) Morris have informed the company that they will not be seeking reelection at the 2017 Annual Meeting of Stockholders.
Charles E. Haldeman, Jr., Non-Executive Chairman of KCG’s Board of Directors, commented:
We are pleased to welcome these highly-qualified and experienced professionals to our Board and look forward to leveraging their relevant expertise and counsel as we continue to execute on our business objectives. Collectively, Peter, Colin, Heather and Adrian bring significant expertise in finance, trading and regulation to KCG that will benefit the company as we continue to grow and innovate in today’s evolving global markets.
The newly appointed Directors provide the KCG Board with unique insights and differentiated backgrounds:
- Mr. Fisher brings significant foreign markets and domestic finance experience to KCG, having served as Head of Fixed Income at BlackRock, Under Secretary of the U.S. Treasury for Domestic Finance, and EVP of the Federal Reserve Bank of New York, where he was responsible for the conduct of domestic monetary and foreign currency operations.
- Mr. Smith is an accomplished investor with more than two decades of alternative asset management and event-driven trading experience.
- A highly-respected faculty member of the Yale School of Management, Professor Tookes has extensive knowledge of the financial services industry and deep expertise in market microstructure and corporate finance.
- Dr. Weller, a Senior Research Fellow at the University of Cambridge, is a leading authority on artificial intelligence and its commercial applications. He has extensive experience in trading and investing, having served in senior roles at Goldman Sachs, Salomon Brothers and Citadel.
Mr. Haldeman added:
On behalf of KCG and the entire Board, I want to thank Hans and Rene for their dedication and wealth of contributions to KCG throughout their tenures. We wish them continued success in their future endeavors.
With today’s announcement, it is currently expected that 11 Directors will be nominated for election at KCG’s 2017 Annual Meeting of Stockholders, 10 of whom would be independent.