Getco Appoints Former UBS Exec as CEO
Getco LLC has announced the appointment of Daniel Coleman as its CEO, effective immediately.
Coleman was previously serving as the company's global head of equities and client services. As part of the reshuffle, co-founder Stephen Schuler will assume the role of executive director. Prior to Getco, Coleman held senior-level positions at UBS, as its global head of equities and as a sitting member of both the investment bank's executive committee and UBS AG's group managing board.
"Daniel is perfectly aligned with our long-term vision of utilizing technology to transform how investors transfer risk," says Getco Co-Founder Dan Tierney. "His unique combination of professional experiences, leadership ability and business acumen make him the ideal leader for the next stage of our growth."
Coleman will renew the firm's focus on its risk transference strategy, as well as engaging in new markets. The appointment marks a growth and opening of the once-secretive high-frequency trading firm, in light of regulatory reform and incoming restrictions on banks such as the Volcker Rule. During his previous role at the firm, Coleman oversaw initiatives such as Getco Execution Services, which provides algorithms and execution to clients, as well as its designated market maker operation, which is now the second-largest at the New York Stock Exchange.
"When I joined Getco, I was on a personal mission to find a firm that was at the forefront of trading and technology, as well as focused on improving the markets for all investors," says Coleman. "Stephen and Dan built an amazing firm that has been a catalyst for positive change in the financial markets for the last 12 years. Getco's Associates are some of the most passionate and talented professionals I have had the pleasure of working with, and I look forward to building upon this tradition of excellence and innovation."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.
IBM report finds ‘shadow’ data significant contributor to data breaches
As AI and cloud take on greater importance in the capital markets, firms need to consider their threat impact zones.
Bloomberg adds AI earnings summaries to Apple Vision Pro app
The vendor continues to add content and functionality to its Bloomberg Pro for Vision app, which sits at the convergence of spatial and mobile computing.
SS&C continues Blue Prism rollout, eyes other acquisition targets
The company is focusing on organic growth while keeping its eye on potential acquisitions.
CME: CFTC OKs clearing move to Google Cloud
The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.
Once a blockchain cheerleader, Axoni changes its playbook
The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.
The IMD Wrap: Quality drivers—the sticks and carrots accelerating the data quality race
Like a Formula One Grand Prix, data management is a race that can be won or lost. And just as each race is part of a larger F1 championship that pays large sums of TV money to the winning team, winning or losing one race can contribute to winning or losing an endgame with much more at stake.
This Week: Clear Street, Hudson River Trading/Google Cloud, Alveo and more
A summary of the latest financial technology news.