The Board of Directors of KCG Holdings, Inc. (NYSE: KCG) has announced on Friday, September 12, the departure of Steve Bisgay, Chief Financial Officer. Sean Galvin, Chief Accounting Officer, will serve as KCG’s Interim CFO. An industry veteran, Mr. Galvin led the accounting team at Knight Capital before taking the lead accounting role at KCG.
KCG’s Board of Directors has begun the process of identifying and selecting a permanent CFO. According to the firm, a further announcement on a permanent successor will be made in due course. Mr. Bisgay will remain as an advisor to KCG until the end of the year.
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Non-Executive Chairman of the Board, Ed Haldeman commented: “As KCG’s CFO, Steve played a critical role in leading the transition to our newly integrated company. We thank him for his contributions and wish him success in the future.”
“Steve has led his team through the integration process and created a solid foundation for KCG. We greatly appreciate his dedication to ensuring the firm’s success,” said Daniel Coleman, CEO.
Mr. Bisgay said: “The finance team we have built at KCG is best in class, and I’ve worked with a terrific group of people to help build a company designed for an evolving industry landscape. With the completion of the merger behind us, I feel it is the right time to move to the next chapter in my career. I am grateful to Daniel and the Board for this opportunity. I leave the finance team in the very capable hands of Sean and with the confidence that KCG will continue to deliver value for shareholders and customers alike.”