Actionable news
All posts from Actionable news

Investment Technology: Itg Appoints Frank Troise As Ceo And President

The following excerpt is from the company's SEC filing.

Troise Expected to Join ITG and ITG Board of Directors in January 2016

NEW YORK, October 19, 2015

ITG (NYSE: ITG), an independent execution broker and research provider, today announced that Francis J. Troise has been appointed as ITGs Chief Executive Officer and President. Mr. Troise will also become a member of the ITG Board of Directors. These appointments will become effective upon Mr. Troises satisfaction of certain garden leave obligations he has to his current employer, which are expected to expire in January 2016.

Maureen OHara, Chair of the Board of Directors, said, After a thorough and careful search process, the ITG Board chose Frank as the right candidate to lead ITG at this pivotal time. Frank brings extensive experience in vision, strategy, and delivery. He is a well-known industry expert with an impressive track record of growing electronic trading operations, establishing strong client relationships, and building and leading talented teams.

Ms. OHara added, The Board would also like to thank fellow ITG Board member Jarrett Lilien for his service as interim CEO and President. Jarretts leadership has played an important part in putting ITG on the road to recovery and establishing the positive business momentum we have seen so far this quarter.

Also commenting on Mr. Troises appointment, Jarrett Lilien said, I look forward to joining my Board colleagues and all of the members of ITGs team in welcoming Frank in the new year.

Mr. Troise brings extensive experience in electronic trading to ITG. From 2010 until October 2015, Mr...