Economics

Joyce Leaving Knight After Steering Firm From Meltdown to Merger

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Thomas Joyce, who built Knight Capital Group Inc. into one of the biggest U.S. market making firms only to see it driven to the brink of bankruptcy and then into a suitor’s arms, is leaving the company.

KCG Holdings Inc., the company created when Getco LLC completed the acquisition of Knight this week, announced the resignation in an e-mailed statement. Joyce had been executive chairman. KCG named Stephen Schuler, a Getco founder, as non-executive chairman, according to the statement.