E*TRADE FINANCIAL Corporation has announced the appointment of Ken Hight to the position of executive vice president, capital markets.
Hight joins the Company from another electronic trading pioneer, Investment Technology Group, Inc. As EVP, capital markets, Hight will be responsible for the management of the company’s Institutional equity business, including market making, global institutional brokerage, electronic trading products (DMA), wholesale execution and the securities lending operations. He will report to Dennis Webb, President, E*TRADE Capital Markets.
Hight comes to E*TRADE with over 30 years experience in the financial services industry. He most recently served as CEO and president, ITG Canada, having joined the company in March 2000 to establish that subsidiary. Prior to ITG,. Hight spent seven years with TD Securities where he served as deputy chair, responsible for Global Institutional Equities, and as a member of the Executive Committee. Mr. Hight has also held various senior management positions with TD Bank in Australia, Canada and the United States.
“E*TRADE Capital Markets is differentiated in that it benefits from the unique flows of business generated by our Retail customers,” said R. Jarrett Lilien, president and COO, E*TRADE FINANCIAL. “The opportunity is to fully leverage these flows through interaction with our Institutional customer base. Ken’s overall experience with both the global Institutional markets and the electronic delivery of execution services makes him the ideal choice to lead us toward fully realizing this opportunity.”
Hight said, “It is an exciting time to join E*TRADE Capital Markets, a group that has accomplished a great deal over the past few years and already accounts for approximately four percent of the consolidated tape for Listed and OTC securities. I look forward to working with E*TRADE FINANCIAL’s extraordinary team.”