Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based equity trading services and transaction research, today announced that it has added fixed income capabilities to ITG's transition services.
ITG has hired a fixed income transition team to expand ITG's existing equity transition services offering and facilitate transition management in multiple asset classes. Transition management occurs when plan sponsors shift assets between fund managers, requiring them to adjust their portfolios. This specialty continues to grow as customers seek to improve performance and decrease the costs and risks associated with these complex transactions.
ITG's transition services will be headed by Victor Fontana, who joins ITG as Director, Transition Services. Previously, Mr. Fontana was President of First Principle, a division of Northeast Securities, specializing in asset transition, directed commission business and research-focused soft dollar conversion services. Prior to joining First Principle, Mr. Fontana was head of Autranet, an independent research and transition management firm.
"ITG continues to evaluate expanding its business into areas where it can provide value for customers. The demand for end-to-end trading solutions and for transition management services in particular, has grown significantly over the last ten years," said Tony Huck, ITG's Managing Director and Co-Director of Sales and Trading. "Vic Fontana and his team bring a wealth of knowledge of the fixed income transition process and will help ITG to provide its clients with a complete transition solution."
"I am pleased to be joining the team at ITG and look forward to expanding ITG Transition Services," said Victor Fontana. "The combination of equity and fixed income transition services teams, along with ITG's reputation for client service and innovative trading solutions, promises to be an attractive offering for customers."