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Tuesday, June 03, 2003|
B-D Client Group Head to Exit Firm
Anthony M. Sanfilippo, executive vice president and head of Broker-Dealer Client Group at Knight Trading Group, will resign at the end of a transitional period to pursue other opportunities, but stay on as a director on the Jersey City-based firm's board.
"Tony's work over the last year has been critical in moving the company toward profitability," said Thomas M. Joyce, CEO and president of Knight Trading Group, in a release. "Under Tony's guidance, Knight's broker-dealer business has become as efficient as possible for the new market structure without sacrificing the strengths for which Knight is known."
Sanfilippo, 46, joined the firm in 1997 when Tradetech Securities, a Nasdaq InterMarket trading firm that he founded and managed, was acquired by Trimark Securities, which later evolved into Knight Capital Markets LLC (Knight's listed cash equities subsidiary).
In the U.S., he managed Knight's listed operations before taking over all of its broker-dealer business, including client relationships and sales. As co-head of Global Equities and, in June 2001, head of Global Equities, he oversaw Knight's presence in Europe and Japan, and was responsible for downsizing international operations over the last two years. He also was Interim CEO of Knight from February 2002 until Joyce's appointment in May 2002.
Moreover, Knight is streamlining its sales functions as part of an overall bid to restructure around clients. As head of Sales, a newly-created position, Senior Vice President Gregory C. Voetsch, 41, will oversee all client sales initiatives for the company.
Voetsch, who joined Knight as head of Institutional Client Group in 2002, will continue to have direct responsibility for institutional client sales. Prior to joining Knight, he was a managing director and head of Nasdaq Sales Trading at Salomon Smith Barney.
Senior Vice President Andrew D. Kolinsky, 44, will report to Voetsch and continue to oversee broker-dealer client sales.
Meanwhile, Sanfilippo commented, "I feel that I have achieved many of my professional goals since joining Knight, and I'm satisfied with my contribution to positioning the company for the future. Now, I am ready to seek challenges outside these walls for the first time in six years. It's not easy for me to leave behind the company I helped to grow from the very beginning. I also will miss working with my Knight colleagues day-to-day."
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