Shauna Lambright, Frederick Porzelt, Connie Kreutzer, Naresh Kumar, Peter Johnston, Matthew Burkley, Jon Robson, Marcus Schuler
June 23, 2008
Jersey City, N.J.-based Knight Capital Group has formed a dedicated transition management unit and hired Lambright Financial Solutions co-founder Shauna Lambright to head it. Joining her in the move from Lambright Financial, a Chicago-based boutique institutional brokerage that offers transition management services and equity sales and trading, are Frederick Porzelt and Connie Kreutzer, director of client services and director of institutional equities at Lambright, respectively. All three will continue to work in Chicago.
"Our team has a long history of delivering successful outcomes for clients," said Lambright, who prior to launching the firm in 2004 was SVP of the plan sponsor sales division of BNY Brokerage--a Bank of New York subsidiary that in 2006 was spun off as part of BNY ConvergEx Group--focusing on transition management services, commission recapture and issuer buybacks. "We're excited to join Knight and continue the expansion of transition management services to institutional firms," she added. Lambright was president of Capital Resource Financial Services (CRFS) when it was acquired by BNY Brokerage in 2003 and has worked in the investment services group of Donaldson Lufkin & Jenrette. Porzelt, also a veteran of BNY Brokerage--where he specialized in transition management and commission recapture--and CRFS, is a director in the new unit. Kreutzer, a former managing director at Banc of America Securities, where she managed the Midwest equity trading team serving buy-side clients, is also a director.
"As a discipline, transition management is rapidly growing as institutional firms recognize the risks involved with converting from legacy to target portfolios," said Gregory Voetsch, EVP and head of Knight Capital's institutional group. "We understand that complex transactions require coordination among several parties across geographies and asset classes. We are dedicated to working with clients to manage the entire process in an efficient and effective manner."
Post-trade communications provider Omgeo named four members to its board: Naresh Kumar, managing director and global head of operations in Citigroup's institutional clients group; Peter Johnston, Goldman Sachs' managing director of global securities and clearing operations; Matthew Burkley, global head of strategy in the markets division of Thomson Reuters; and Jon Robson, head of enterprise for the Thomson Reuters markets division. They replaced State Street Corp. EVP Robert Kaplan; Robert Gartland, managing director of Morgan Stanley; former Thomson Financial CEO Sharon Rowlands; and Tradeweb CEO James Toffey. "Omgeo prides itself on enabling an efficient community, and a collaborative environment is critical to our success," said Rick Macek, chairman of Omgeo, a joint venture of Thomson Reuters and the Depository Trust & Clearing Corp. "By enlisting the expertise of such industry leaders on our board of managers, we are well positioned to help our clients achieve sound operational stability." Added Omgeo president and CEO Marianne Brown, "Having leadership that represents a cross-section of our community ensures that our strategic direction is in lockstep with the needs and pain-points of our clients."
Markit Group, a provider of data and valuation services and trade processing for over-the-counter derivatives, appointed Marcus Schuler managing director of sales and marketing in London. Schuler, who will be responsible for the London- and New York-based company's relationships with regulators, central banks, trade associations and accounting firms, will report to Shane Akeroyd and Mike Rushmore, global co-heads of sales and marketing. Previously, Schuler spent about four years at Deutsche Bank as managing director and head of integrated credit marketing in Europe and also oversaw credit derivative marketing at JP Morgan Chase & Co., where he assisted in the creation of the iTraxx credit derivative indexes that Markit acquired with International Index Co. last year. In a statement, Akeroyd and Rushmore called Schuler "a well-known figure in the credit markets" adding that his "extensive capital markets knowledge will be of immense benefit as we consolidate and strengthen our relationships" with regulators and industry bodies.
