Knight Capital Group promoted Senior Managing Directors Gary Katcher, head of global fixed income to executive vice president.
The firm's board of directors approved the appointment at its regular quarterly meeting January 21, 2009.
Katcher joined Knight in July 2008 with the firm's acquisition of Libertas Holdings, renamed Knight Libertas. Founded by Katcher, Knight Libertas provides trade execution services and investment research to institutions across a broad range of fixed income securities, including high-yield and high-grade corporate bonds, distressed debt, ABS and MBS, convertible bonds and syndicated loans.
"Gary is building a terrific business at Knight Libertas, which has allowed Knight to immediately expand our offering across asset classes with institutional fixed income," said Thomas Joyce, chairman and chief executive officer, Knight Capital Group. "Since Knight acquired Libertas in July of 2008, we have been exceptionally pleased with its growth momentum and its contribution to our company. Gary has quickly established himself as a leader at Knight. I am pleased to acknowledge Gary's and Knight Libertas' achievement today with his promotion."