In a company announcement made by GAIN Capital Holdings (NYSE:GCAP), the firm unveiled that it has appointed John Miesner as Managing Director and Global Head of Sales of its GTX unit. After leaving KCG Hotspot earlier this year, Mr. Miesner joins the company with an acclaimed expertise in the global institutional foreign exchange space.
The CEO of GTX, Vincent Sangiovanni, shared in the company announcement, “John’s industry experience and deep relationships will significantly strengthen our global sales capabilities as we look to expand our reach internationally and continue to build market share.”
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This marks the second appointment of a recent team member from KCG Hotspot. Last October, GAIN Capital named Tom Marano as its newest Managing Director of GTX, following the recent hires of Nicolas Ohlin and Graham Beale by GTX earlier this year.
In its quarterly earnings report at the end of October, KCG Holdings announced that it has begun to explore strategic options for KCG Hotspot, aiming to execute any opportunities that create additional value for stockholders. Following the announcement, a $300 million sale price for KCG Hotspot circulated around, albeit no additional information has been made public ever since.
John Miesner commented on his own appointment stating in the company announcement, ”GTX offers truly differentiated ECN technology and has been posting impressive client and volume increases over the past several years. I look forward to supporting GTX in the next phase of its growth.”