PR Newswire/Les Echos/
GETCO and Knight Announce Management Team for Combined Firm
CHICAGO and JERSEY CITY, N.J., Feb. 20, 2013 -- GETCO Holding Company, LLC
("GETCO") and Knight Capital Group, Inc. (NYSE: KCG, "Knight") today announced
the management team of the new public company that will own GETCO and Knight
upon completion of their pending transaction. As previously disclosed, the
combined firm will be led by Daniel Coleman, Chief Executive Officer of GETCO.
Thomas M. Joyce, currently Knight's Chairman and Chief Executive Officer, will
serve as Executive Chairman of the Board of Directors.
"The senior management team that we are announcing today possesses the
expertise to successfully integrate our two organizations, develop new and
innovative products and, most importantly, serve the needs of our clients
across multiple asset classes and time zones," Mr. Coleman said. "We are
fortunate to have a strong team of senior managers at both Knight and GETCO. We
appreciate the significant leadership contributions from both organizations,
and look forward to working with the new management team."
The following appointments are expected to comprise the new management team for
the combined firm (to take effect as of the closing of the transaction):
* Steven Bisgay - Chief Financial Officer
* Jerry Dark - Chief Human Resources Officer
* John DiBacco - Global Head of Equities Trading
* Albert Maasland - Head of Global Execution Services and Platforms
* Darren Mast - Chief Operating Officer; Interim Head of Fixed Income,
Currencies & Commodities
* John McCarthy - General Counsel
* Farid Moslehi - Head of Asia
* Nick Ogurtsov - Chief Risk Officer
* Jon Ross - Chief Technology Officer
* Robert Smith - Head of Europe
* George Sohos - Global Head of Client Market Making
The transaction is expected to be completed in the second quarter of 2013,
subject to Knight stockholder and GETCO voting unitholder approval,
registration of the shares to be issued in the mergers with the Securities and
Exchange Commission, listing of the shares on the New York Stock Exchange,
additional regulatory approvals, and the satisfaction of other customary
closing conditions. GETCO and Knight will continue to operate as separate
companies until the transaction closes.
Knight Capital Group (NYSE: KCG) is a global financial services firm that
provides access to capital markets across multiple asset classes to a broad
network of clients, including broker-dealers, institutions and corporations.
Knight is headquartered in Jersey City, New Jersey, with a global presence
across the Americas, Europe, and the Asia Pacific regions. For further
information about Knight, please visit www.knight.com.
GETCO is one of the world's largest independent market makers. Founded in
1999, GETCO employs over 400 Associates located in Chicago, New York,
Palo Alto, London, Singapore and Hong Kong. The firm's primary business
involves both buying and selling securities to provide two-sided markets on
exchanges around the world. The liquidity GETCO supplies allows investors to
immediately transfer securities positions while saving money on trading costs.
More information is available at www.GETCOllc.com.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This communication is not a solicitation of a proxy from any stockholder of
Knight or GETCO. In connection with the agreement and plan of merger among
Knight, GETCO and GA-GTCO, LLC (the "Merger Agreement"), Knight Holdco, Inc.
("KCG") filed with the SEC, on February 12, 2013, a Registration Statement on
Form S-4, that includes a preliminary Joint Proxy Statement of Knight and GETCO
and a preliminary Prospectus of KCG (together with the Joint Proxy Statement,
as amended, the "Joint Proxy Statement/Prospectus"), as well as other relevant
documents concerning the proposed transaction. INVESTORS AND SECURITY HOLDERS
ARE URGED TO READ THESE MATERIALS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH
THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT KNIGHT, GETCO, KCG AND THE PROPOSED TRANSACTION. The Form
S-4, including the Joint Proxy Statement / Prospectus, and other relevant
materials (when they become available), and any other documents filed by GETCO,
KCG or Knight with the SEC, may be obtained free of charge at the SEC's
web site at www.sec.gov. In addition, investors and security holders may obtain
free copies of the documents filed with the SEC by directing a written request
to "Investor Relations," Knight Capital Group, 545 Washington Boulevard,
Jersey City, NJ 07310 in the case of Knight, or by accessing Knight's website
at www.knight.com under the heading "Investor Relations" and then under
PARTICIPANTS IN THE SOLICITATION
GETCO, Knight and KCG and their respective executive officers and directors
may be deemed to be participants in the solicitation of proxies from the
security holders of Knight in connection with the proposed transaction.
Information about Knight's directors and executive officers is available in
Knight's definitive proxy statement, dated April 3, 2012, for its 2012 annual
meeting of stockholders. Other information regarding the participants and other
persons who may be deemed participants and description of their direct and
indirect interests, by security holdings or otherwise, are contained in the
Joint Proxy Statement/Prospectus.
Additional information regarding the interests of those participants and other
persons who may be deemed participants in the transaction may be obtained by
reading the Joint Proxy Statement/Prospectus regarding the Merger.
Certain statements contained herein may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words such as "believe,"
"expect," "anticipate," "intend," "target," "estimate," "continue," "positions,"
"prospects" or "potential," by future conditional verbs such as "will," "would,"
"should," "could" or "may", or by variations of such words or by similar
expressions. These "forward-looking statements" are not historical facts and are
based on current expectations, estimates and projections about the parties'
industry, management 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 the August 1, 2012 technology issue at Knight
that resulted in Knight sending numerous erroneous orders in NYSE-listed and
NYSE Arca securities into the market and the impact to Knight's capital
structure and business as well as actions taken in response thereto and
consequences thereof, risks associated with Knight's ability to recover all or a
portion of the damages that are attributable to the manner in which NASDAQ OMX
handled the Facebook IPO, risks associated with changes in market structure,
legislative, regulatory or financial reporting rules, risks associated with past
or future changes to organizational structure and management and the costs,
integration, performance and operation of businesses previously 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
Knight's reports with the SEC, including, without limitation, those detailed
under "Certain Factors Affecting Results of Operations" and "Risk Factors" in
Knight's Annual Report on Form 10-K for the year-ended December 31, 2011 and in
Knight's Quarterly Report on Form 10-Q for the quarter ended September 30, 2012,
and in other reports or documents Knight or KCG files with, or furnishes to,
the SEC from time to time and those detailed in the Joint Proxy Statement /
Prospectus under the heading "Cautionary Statement Regarding Forward Looking
Information" and "Risk Factors", among others.
In addition to factors previously disclosed in Knight's reports filed with the
SEC and those identified elsewhere in this filing, the following factors among
others, could cause actual results to differ materially from forward-looking
statements or historical performance: ability to obtain regulatory approvals
and meet other closing conditions to the mergers, including approval by Knight
and GETCO stockholders, on the expected terms and schedule; delay in closing the
mergers; difficulties and delays in integrating the Knight and GETCO businesses
or fully realizing cost savings and other benefits; business disruption
following the mergers; the inability to sustain revenue and earnings growth;
customer and client actions; and the inability to realize cost savings or
revenues or to implement integration plans and other consequences associated
with mergers, acquisitions and divestitures.
SOURCE Knight Capital Group, Inc.
CONTACT: Jonathan Mairs, Managing Director, Corporate Communications & Investor
Relations, Knight Capital Group, Inc., +1 -201-356-1529, firstname.lastname@example.org;
Sophie Sohn, Head of Communications, GETCO LLC, +1- 312-931-2299,
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.
-0- Feb/21/2013 09:28 GMT
Press spacebar to pause and continue. Press esc to stop.