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Jersey City, NJ-based KCG Holdings, Inc. has named Steffen Parratt chief financial officer, effective immediately, officials say. He takes over from interim CFO Sean Galvin, who will return to his post as the company’s chief accounting officer.
KCG Holdings, which was known formerly as Knight Capital Group, was acquired by Getco LLC in 2012. Following the acquisition, the successor company became KCG.
Parratt is a financial services and technology industries veteran, who has “focused on business development, strategy and analysis working directly with executive management at top institutions,” according to a KCG statement. He is a former managing director at Bank of America Merrill Lynch, and also spent “more than a decade at Citigroup Inc. in a number of leadership roles most recently as Managing Director and Global Staff Functions Task Leader, Reengineering and Productivity Group where he was responsible for reengineering organizations and processes in the firm’s finance, risk, compliance, audit, legal, human resources units.”
Prior to those posts, he was an engineer at Sandia National Laboratories and Hughes Aircraft Company, according to the statement.
Parratt’s “experience in leveraging technology and operational expertise to expand revenue and profits within complex organizations in the sector make him a great fit for KCG,” Daniel Coleman, KCG’s CEO, says in the statement.
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