KCG Europe CEO Philip Allison Steps Down Following Virtu’s $1.4B Acquisition

[kreslik.news]

CEO at KCG Europe, Philip Allison, is leaving the company after its rival Virtu Financial completed acquisition of its outstanding shares in a cash transaction valued at $20.00 per KCG share, or a total of approximately $1.4 billion.

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KCG wasn’t available to comment on the rumours and has not made any official statement regarding Allison’s destination or his successor.

Philip joined the business in 2014 after a 17-year career at UBS, most recently as global head of cash equities and EMEA head of equities, responsible for operations across more than 30 countries. The ... (read more)