KCG Holdings, Inc. (NYSE: KCG) has appointed Debra J. Chrapaty and Alastair Rampell to its Board of Directors with immediate effect, according to a KCG statement.
The additions of Ms. Chrapaty and Mr. Rampell now bring the board at KCG to ten total members, with eight of them serving as independent directors, including Ms. Chrapaty and Mr. Rampell. Moreover, KCG has also reported the departure of Daniel Tierney, who has relinquished his role on the Board of Directors.
Ms. Chrapaty joins the board as an independent director with over two decades of experience across various technology leadership positions. Alternatively, Mr. Rampell joins the group with a penchant on software, security, e-commerce, advertising, marketing and Fintech operations.
According to Charles E. Haldeman, Jr., Non-Executive Chairman of KCG's Board of Directors, in a recent statement on the Board moves, "We welcome Debra and Alex to our Board and look forward to benefiting from their strong leadership skills and extensive experience in technology and finance."
"Both bring a wealth of public company and industry experience to the Board and we are confident that their knowledge and insights will benefit KCG and our shareholders. We look forward to their contributions as we continue to evolve our business model to ensure we are taking full advantage of the opportunity we see for non-bank securities firms such as KCG," he noted.
"On behalf of the entire Board, I'd also like to thank Dan Tierney for his many valuable contributions to KCG during his tenure as Director. We wish him the best in his future endeavors," added Mr. Haldeman in an accompanying statement.
Ms. Chrapaty stated, "KCG has risen to the forefront of the technological trading world and I welcome the opportunity to join this Board at a time when the financial services industry is increasingly embracing the benefits of technology for both clients and investors."
Mr. Rampell stated, "I look forward to collaborating with such a talented group of Directors and sharing the perspectives I've gleaned from leading other groundbreaking firms. KCG is a true innovator at the intersection of finance and technology. I'm confident we have only begun to tap into the role this firm can play in our global securities markets."
KCG made headlines recently after it reported its trading volumes and equities performance for the month ending October 2015, which saw its performance unchanged from the prior month. During October 2015 KCG saw an average daily US Equities market making of $30.3 billion traded. Over a yearly timeframe, volumes did decline by a more pronounced figure, or -13.2% YoY from $34.9 billion in October 2014.
