Macquarie appoints Knight Capital's Krieg as head of electronic execution

Source: Macquarie

Macquarie Securities, the institutional equities arm of Macquarie Group ("Macquarie") (ASX: MQG; ADR: MQBKY), today announced the appointment of Brandon Krieg as Managing Director and Head of Electronic Execution in the US and Europe.

In this newly created role, he is responsible for expanding client outreach and further developing Macquarie's electronic execution capability. Based in the firm's New York office, he reports to Damian Hoult, Global Head of Execution Services for Macquarie Securities.

"Brandon is a leader in electronic trading and has a proven track record of building successful businesses in the electronic space. His deep knowledge in electronic execution is directly relevant to Macquarie as we expand our regional electronic execution into a comprehensive client-centric global electronic solution," said Mr. Hoult.

Mr. Krieg was most recently Head of Sales at Knight Direct, the institutional electronic trade execution business within Knight Capital Group (now KCG Holdings). In this role, he was recognized as a top producer with responsibility across a number of products and markets. Prior to Knight Capital Group, he was a partner at the agency broker EdgeTrade before its acquisition by Knight Capital in 2008. At EdgeTrade, he helped build its institutional electronic business and algorithmic trading technology.

His appointment follows Macquarie Securities' appointment of Co-Heads of Portfolio Solutions and a continued expansion of the firm's equities platform.

Ken Savio, Senior Managing Director and US Head of Macquarie Securities said: "We have steadily grown our footprint and market share in the US by adding relevant capability across our sales and trading efforts on both the high- and low-touch aspects of our business. Macquarie will benefit from Brandon's experience in partnering with clients to develop differentiated, leading-edge electronic execution products."

Macquarie Securities Group has more than 300 sales professionals and more than 350 equity research professionals covering approximately 2,250 stocks around the world.

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