Knight Expands Transition Management Services
12 Junio 2008 - 7:00AM
PR Newswire (US)
JERSEY CITY, N.J., June 12 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) today announced that it has expanded the
transition management services provided to plan sponsors and
investment managers as part of the firm's Global Markets offering.
Knight has established Knight Transition Management to provide
clients with the planning, implementation and transaction
monitoring services essential to transitioning global, multi-asset
class portfolios. In addition, Knight has added an experienced team
with a proven track record from Lambright Financial Solutions. "As
a discipline, transition management is rapidly growing as
institutional firms recognize the risks involved with converting
from legacy to target portfolios," said Gregory C. Voetsch,
Executive Vice President and Head of the Institutional Group,
Knight Capital Group. "At Knight, 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." Knight Transition Management will help plan sponsors and
investment managers preserve value and mitigate risk in transitions
triggered by an asset allocation shift, a change in fund managers,
outsized fund flows or a merger of funds, among other events. For
each mandate, Knight Transition Management will seek to manage
operational and opportunity risk as well as limit market impact
costs. Knight Transition Management will utilize proprietary
analytics throughout the process to forecast and monitor all costs
as well as provide clients with regular transaction updates.
Managing Director and Head of Knight Transition Management Shauna
M. Lambright and Directors Frederick J. Porzelt and Connie Kreutzer
have joined Knight from Chicago-based Lambright Financial
Solutions, a boutique institutional brokerage firm providing
transition management services and equity sales and trading. "Our
team has a long history of delivering successful outcomes for
clients. We're excited to join Knight and continue the expansion of
transition management services to institutional firms," said Ms.
Lambright. Ms. Lambright, Mr. Porzelt and Ms. Kreutzer have
relocated to 225 West Washington Street, Suite 300, Chicago,
telephone 312-553-8341. For more information about Knight
Transition Management, please go to
http://www.knight.com/transitionmanagement. Biographies Shauna M.
Lambright Managing Director, Head of Knight Transition Management
Shauna M. Lambright, 37, joined Knight from Lambright Financial
Solutions, which she founded in 2004. Previously, she was Senior
Vice President of the Plan Sponsor Sales Division at BNY Brokerage
specializing in transition management services, commission
recapture and issuer buybacks. Ms. Lambright joined BNY Brokerage
following its acquisition of Capital Resource Financial Services
(CRFS). As President of CRFS, she successfully established the
firm's transition management offering. Earlier, she worked in the
Investment Services Group at Donaldson, Lufkin & Jenrette
serving private clients. Frederick J. Porzelt Director, Knight
Transition Management Frederick J. Porzelt, 53, joined Knight from
Lambright Financial Solutions where he was Director of Client
Services. Previously, he was at BNY Brokerage specializing in
transition management services and commission recapture. Mr.
Porzelt joined BNY Brokerage following its acquisition of Capital
Resource Financial Services where he assisted in the development of
the firm's commission recapture offering. He began his career at
A.G. Becker and moved to SEI Investments Company following the
firm's acquisition of A.G. Becker's performance measurement unit.
Connie Kreutzer Director, Knight Transition Management Connie
Kreutzer, 49, joined Knight from Lambright Financial Solutions
where she was Director of Institutional Equities. Previously, she
was Managing Director at Banc of America Securities where she
managed the Midwest equity trading team serving buy-side clients.
Earlier, Ms. Kreutzer was Director of Trading at Driehaus
Securities where she managed the domestic and international equity
trading team. She also served as an international sales trader at
Carl Marks & Co. and a market-maker in over-the-counter stocks
at Kidder Peabody & Co. About Knight Knight Capital Group, Inc.
(NASDAQ:NITE) is a leading financial services firm that provides
electronic and voice access to the capital markets across multiple
asset classes for buy-side, sell-side and corporate clients. In
Global Markets, we provide market access and trade execution
services in nearly every U.S. equity security and a large number of
international securities, futures, options, foreign exchange and
fixed income. In Asset Management, Knight owns a 51 percent stake
in Deephaven Holdings with Deephaven Partners controlling the
remaining 49 percent as of February 1, 2008. Deephaven
(http://www.deephavenfunds.com/) is a global, multi-strategy
alternative investment manager serving institutions and private
clients. More information about Knight can be found at
http://www.knight.com/. Certain statements contained herein may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not historical facts and are based
on current expectations, estimates and projections about the
Company's industry, management's beliefs and certain assumptions
made by management, many of which, by their nature, are inherently
uncertain and beyond our control. Accordingly, 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
including, without limitation, risks associated with the costs,
integration, performance and operation of businesses recently
acquired, or that may be acquired in the future, by the Company.
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. Readers should
carefully review the risks and uncertainties disclosed in the
Company's reports with the U.S. Securities and Exchange Commission
(SEC), including, without limitation, those detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year-ended December 31, 2007, and in other reports or documents the
Company files with, or furnishes to, the SEC from time to time.
This information should also be read in conjunction with the
Company's Consolidated Financial Statements and the Notes thereto
contained in the Company's Annual Report on Form 10-K for the
year-ended December 31, 2007, and in other reports or documents the
Company files with, or furnishes to, the SEC from time to time.
DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret Wyrwas,
Senior Managing Director, Communications, Marketing & Investor
Relations, +1-201-557-6954, , or Kara Fitzsimmons, Director, Media
Relations, +1-201-356-1523, , or Jonathan Mairs, Vice President,
Corporate Communications, +1-201-356-1529, , all of Knight Capital
Group, Inc. Web site: http://www.knight.com/
http://www.knight.com/transitionmanagement
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