ITG Secures the Services of Frank Troise as its Newest CEO

ITG (NYSE:ITG), an independent broker and financial technology provider, has appointed Minder Cheng and Frank Troise to a pair of new executive positions, according to an ITG statement.

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More specifically, Minder Cheng has been named as the group’s newest Chairman of its Board of Directors while Frank Troise has joined ITG as its Chief Executive Officer (CEO), President, and member of the Board of Directors, both of whose appointments are tendered with immediate effect.

Mr. Cheng had already held a directorship at ITG since November 2010, however he currently maintains the role of Chairman of the Board of Directors at MediaCrossing Inc., as well as senior positions at other venues. Previously, Mr. Cheng has also served as the Chief Investment Officer (CIO) for Index Equity and Capital Markets at BlackRock.

Meanwhile, Mr. Troise has landed at ITG from JPMorgan – in this capacity he worked as its Managing Director and Head of JPMorgan Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term Services, a global Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term execution unit within the investment bank. Before his time at JPMorgan, Mr. Troise also worked as the Global Head of Electronic Trading at Barclays Capital and Head of U.S. Electronic Execution at Lehman Brothers. Additional stops also include his first stint at ITG itself, when he worked as its Managing Director in charge of client site sales and trading.

According to Mr. Cheng in a recent statement on the appointment: “I am looking forward to taking on this new role and working closely with my Board colleagues, Frank Troise and the entire ITG management team as we work to regain operating momentum and maximize shareholder value. I would like to thank retiring ITG Chair Maureen O’Hara for her dedication and guidance over the past eight years and also my fellow Board colleague, Jarrett Lilien, for his strong leadership as interim CEO at a critical time in ITG’s history.”