There continue to be changes at ITG as the beleaguered independent broker continues to rehabilitate its image following a large fine and settlement with the Securities and Exchange Commission.
Bryan Blake will be joining the firm as chief executive of of TriAct Canada Marketplace LP, the firm’s Canada-based exchange and TMX Group competitor.
TriAct Canada, a wholly owned subsidiary of ITG, is the operator of MATCH Nowsm, Canada’s premier broker-neutral dark book for registered investment dealers and their clients. Blake took up his role Monday and joined from Bank of America Merrill Lynch in Toronto, where he served as vice president of electronic trading sales. Blake started his career at Manulife Financial in 1998.
“Bryan has an impressive track record of delivering electronic execution services to institutional investors, hedge funds, and broker dealers and I am looking forward to him joining MATCH Now,” said Etienne Phaneuf, CEO of ITG Canada. “His expertise in Canadian market structure and sales leadership will help to reinforce MATCH Now’s position as one of the world’s leading marketplaces.”
Concurrently, Maureen O’Hara and Chris Dodds will be retiring from the firm’s Board of Directors.
O’Hara joined the Board in 2003 and has served as Chair since 2007. She will retire from the Board effective January 15, 2016. Dodds joined the Board in 2008. He will retire from the Board effective December 31, 2015.
Commenting on his retirement, Dodds said, “Due to demands from my other professional responsibilities, I have concluded, after several weeks of deliberation and discussion with the company, that it is time for me to retire from the Board. I wish the firm success in the years ahead.”
