ITG Appoints Robert Gasser As Chief Executive And President

Investment Technology Group (ITG) has appointed Robert Gasser as Chief Executive Officer and President, effective 4 October 2006. Gasser will also become a member of the Board of Directors. Ray Killian will retire as CEO, but remain at ITG as

By None

Investment Technology Group (ITG) has appointed Robert Gasser as Chief Executive Officer and President, effective 4 October 2006.

Gasser will also become a member of the Board of Directors. Ray Killian will retire as CEO, but remain at ITG as Chairman of the Board. Gasser was previously CEO at NYFIX, Inc. Prior to joining NYFIX, he was CEO of NYFIX Millennium. Before NYFIX, Gasser was Head of U.S. Equity Trading at JP Morgan.

“Since ITG was founded, the firm has continually innovated to stay ahead of changing market conditions,” says Ray Killian, the Chairman, CEO and President of ITG. “ITG has the benefit of being an early entrant in electronic trading, and both the firm and market have come to a crossroads in their evolution. Bob brings the right mix of industry expertise, market insight and client focus to ITG, and I am confident that he will provide excellent leadership to the firm.”

“ITG has long been a pioneer in electronic trading and I am very pleased to be joining the firm at this point in its history,” adds Robert Gasser, ITG’s incoming CEO and President. “In this competitive industry, ITG must continue to demonstrate the sophistication and quality of its product offering as well as its ability to keep pace with market trends. I want to ensure that ITG continues to lead the industry with its innovation, client service and comprehensive approach to trading.”

«