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ITG appoints Richard Herr SVP of strategic and business development

10 May 2007  |  1391 views  |  0 Source: Investment Technology Group

Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced that Richard A. Herr has joined the company as Senior Vice President, Strategic and Business Development.

In this capacity, Mr. Herr will be responsible for evaluating strategic partnership opportunities and acquisitions for ITG.

Mr. Herr joins ITG from Keefe Bruyette & Woods, a subsidiary of KBW Inc. (KBW), where he was a Senior Vice President for Equity Research, covering brokers, exchanges and trade execution firms. Prior to joining KBW in 2002, he was an Analyst in Equity Research at Wachovia Securities, where he assisted in the coverage of banks, brokerages and specialty finance companies. Mr. Herr began his career in research and investment strategy at the Bank of New York in 2000.

"We are very pleased to add Rich to the ITG team. His depth of industry knowledge, proven analytical capabilities and strong relationships in the industry make him the ideal fit for this new role," said Bob Gasser, ITG's CEO and President.

"ITG has maintained its leadership position in a very competitive industry by consistently evolving its business model," said Mr. Herr. "I look forward to learning more about ITG and helping guide the company's future growth."

Mr. Herr holds a Bachelor of Arts degree in Economics from Fordham University.

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