Knight Capital Group Executive Vice President Derek N. Stein to Leave Company
02 August 2005 - 3:00AM
PR Newswire (US)
Knight Capital Group Executive Vice President Derek N. Stein to
Leave Company JERSEY CITY, N.J., Aug. 1 /PRNewswire-FirstCall/ --
Knight Capital Group, Inc. (NASDAQ:NITE) announced today that Derek
N. Stein, Executive Vice President, is leaving the company,
effective today. Mr. Stein, 43, joined Knight in April 2001 from
Merrill Lynch & Co. to oversee operations, services and
technology. When the company restructured its Equity Markets
segment in April 2005, he was appointed head of the newly created
Electronic Services Group. Direct Trading Institutional, Inc.
acquired by Knight in June 2005 as part of the Electronic Services
Group, will now report to Gregory C. Voetsch, Executive Vice
President, Institutional Group. The position will not be replaced.
All of the reporting lines have been reallocated among the members
of senior management. About Knight Knight is a leading provider of
comprehensive trade execution and asset management services. Our
Equity Markets business offers institutions and broker-dealers high
quality trade execution and capital commitment across the depth and
breadth of the equity market. Our Asset Management business,
Deephaven Capital Management, is a market-neutral investment
manager focused on delivering risk-adjusted returns with low
volatility for institutions and high net worth individuals. Knight
strives to be a valued partner by providing superior service and
continually enhancing its offering to meet client needs. More
information about Knight can be obtained at http://www.knight.com/
. Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about the Company's
industry, management's beliefs and certain assumptions made by
management. Readers are cautioned that any such forward-looking
statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult
to predict. Since such statements involve risks and uncertainties,
the actual results and performance of the Company may turn out to
be materially different from the results expressed or implied by
such forward-looking statements. Given these uncertainties, readers
are cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also
disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions
to the forward-looking statements made herein; however, readers
should carefully review reports or documents the Company files from
time to time with the Securities and Exchange Commission including,
without limitation, the risks and uncertainties detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risks Affecting our Business" in the Company's Annual Report on
Form 10-K. DATASOURCE: Knight Capital Group Inc. CONTACT: Margaret
Wyrwas, Senior Managing Director, Corporate Communications &
Investor Relations, +1-201-557-6954, or ; or Kara Fitzsimmons, Vice
President, Corporate Communications, +1-201-356-1523 or ; or Greta
Morley, Vice President, Marketing Communications & Public
Relations, +1-201-557-6948, or ; or Molly McDowell, Analyst,
Corporate Communications & Investor Relations, +1-201-356-1723,
or Web site: http://www.knight.com/
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