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ITG names Maureen O'Hara chairman of the board

09 May 2007  |  1612 views  |  0 Source: Investment Technology Group

Investment Technology Group (NYSE: ITG), today announced that Maureen O'Hara has been appointed Chairman of its Board of Directors.

Maureen O'Hara has been a director since January 2003 and lead director since January 2005. Dr. O'Hara currently serves as the Robert W. Purcell Professor of Finance at the Johnson Graduate School of Management, Cornell University.

"I am excited to take on this new role as Chairman of the Board of Directors at ITG," said Dr. O'Hara. "During my past several years with ITG, the firm has experienced tremendous growth in an ever-changing industry. I look forward to working with ITG as we continue our leadership role in this competitive landscape."

"Dr. O'Hara has helped ITG achieve unparalleled growth and success over her past two years as Lead Director," said Bob Gasser, ITG's CEO and President. "In her new role as Chairman of the Board of Directors, she will continue to bring exceptional understanding and insight into the issues facing our industry and help drive the future growth of ITG."

Dr. O'Hara holds a B.S. in Economics from the University of Illinois and a M.S. in Economics and Ph.D. in Finance from Northwestern University. Dr. O'Hara joined the faculty at Cornell in 1979. She has had visiting appointments at UCLA, the London Business School, the University of New South Wales, Cambridge University, and Hong Kong University of Science and Technology. Dr. O'Hara's research focuses on issues in market microstructure, and she is the author of numerous journal articles as well as Market Microstructure Theory (Blackwell: 1995). In addition, Dr. O'Hara publishes widely on a broad range of topics in finance, including banking, law and finance, and experimental economics. She has served as President of the American Finance Association. In December 2006, Ms. O'Hara joined the board of directors of NewStar Financial Inc.

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