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’.
French banking group makes strategic acquisition to bolster its ambitions in private banking and wealth management.
Gutfreund was renowned for selling the first mortgage-backed bonds at Salomon Brothers.
A shareholder vote will held be later this month to approve the Tullett Prebon acquisition of ICAP’s voice broking business.