ITG rehires Andrew Larkin from Bloomberg to head up client coverage for POSIT Alert block trading.
The long-awaited transaction is set to be completed later this year.
The bank’s targeted savings has been increased as cost-cutting plans accelerate.
Stanfield has led Commerzbank’s OTC client clearing and listed derivatives execution & clearing businesses.
Shareholder at Citigroup proposed two businesses, one in consumer lending, and the other in investment banking.
Jefferies rescued KCG in 2012, but the bank confirms it is no longer majority shareholder.
ITG hopes its new man will help create a ‘rigorous compliance culture’.