Knight Hires Richard Herr, formerly of ITG, to Head Biz Development

Knight Capital Group appointed Richard Herr as managing director, head of business development, according to today’s release.

Herr joined Knight from Investment Technology Group where he was responsible for strategic and business development.

At Knight, Herr, based out of Knight’s Jersey City office, will help to execute the corporate growth strategy, which includes conducting assessments and presenting recommendations to the management team on new initiatives, partnerships and acquisitions. He reports to Steven Bisgay, senior managing director, chief financial officer.

“Knight has demonstrated an ability to evolve and grow amid shifting market conditions,” stated Herr. “I’m proud to join the firm and look forward to making a positive impact,” stated Herr in the release.

Prior to his time at ITG, Herr was an SVP for equity research at Keefe, Bruyette & Woods, covering brokers, exchanges and trade execution firms. He previously held positions in equity research at First Union Securities and Bank of New York.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio