Trading Technologies International, Inc. (TT) announced today that Michael Kraines has been appointed Chief Financial Officer. Mr. Kraines will be responsible for finance, planning, strategy and business development.
Prior to joining TT, Mr. Kraines spent 25 years as an investment banker in the Financial Technology sector, executing over $35 billion of market structure sector transactions. Mr. Kraines joins TT from Sandler O’Neill + Partners, where as a Managing Director he led the Financial Technology effort and advised on transactions across every aspect of the market structure sector since 2004. Previously Mr. Kraines was a Managing Director in the Financial Institutions group with Wasserstein Perella & Co. since 1992, and prior to that he practiced as a venture capital attorney with Kirkland & Ellis LLP.
Rick Lane, TT CEO, commented, “Michael has served as a trusted advisor to TT for several years now, and we are thrilled to have him join TT’s leadership team. His more than 25 years of deep industry expertise and his breadth of market structure knowledge will prove instrumental as we continue to improve our competitive positioning and actively expand into new markets. Michael’s strong banking background and external client focus will help TT open new doors, develop unique business opportunities, and accelerate our commercial partnerships as we expand more broadly across the sector.”
On his appointment, Mr. Kraines offered, “Given its leading role in the market and tremendous technology and development resources, I could not be any more excited about joining TT. The company has reinvented itself in several respects, and with a robust technology platform enabling new trading solutions, data products and access to new markets going forward, TT stands well-positioned to move to the next level. I am very eager to leverage my industry expertise in order to build upon those efforts, further accelerate TT’s growth, and contribute to the firm’s overall success.”
Mr. Kraines earned a B.A. with distinction from Cornell University, a J.D. cum laude from Harvard Law School, and an MBA from the University of Chicago Booth School.
Contributed | what does this mean?