Knight Capital Group Announces the Retirement of Ralph J. Acampora, Head of Technical Research
August 15 2007 - 8:30AM
PR Newswire (US)
JERSEY CITY, N.J., Aug. 15 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) today announced the retirement of Ralph
J. Acampora, Head of Technical Research, effective October 26,
2007. Mr. Acampora, 65, is a 40- year Wall Street veteran and
leading practitioner in the field of technical analysis. Mr.
Acampora joined Knight in 2005 from Prudential Securities to
develop technical research products covering equities, fixed
income, currencies, commodities and foreign markets. Prior to his
employment at Prudential, Mr. Acampora worked from 1980 to 1990 at
Kidder Peabody & Co. Before that, he was with Smith Barney,
Harris, Upham & Co. from 1969 to 1980. His financial career
began with Distributor's Group, a mutual fund complex owned by US
Life. Regularly ranked among the leading technical analysts by
Institutional Investor, Mr. Acampora also taught the subject at the
New York Institute of Finance and Securities Industry Institute at
Wharton. In addition, he was among a group of practitioners that
successfully lobbied the Securities and Exchange Commission to
recognize the Chartered Market Technicians designation. "Ralph is a
pioneer in technical analysis and an industry icon," said Thomas M.
Joyce, Chairman and Chief Executive Officer of Knight Capital
Group. "His awareness of market dynamics and ability to distill
complex concepts into actionable intelligence made him an
invaluable resource for investors and we are particularly grateful
for his contributions to our institutional business. I, and
everyone here at Knight, wish Ralph the best in his retirement."
Mr. Acampora is a member of the New York Society of Securities
Analysts, Securities Traders Association and Market Technicians
Association, of which he is also a past president. He is a trustee
of the Wharton School at the University of Pennsylvania and serves
as a director on the boards of several companies. Mr. Acampora is a
graduate of St. Joseph's Seminary in Yonkers, New York. "After much
deliberation, I've decided to retire from a full-time schedule of
market analysis and leave the opining to others," said Mr.
Acampora. "I am honored to have finished my career at Knight and
pleased that so many clients and peers have read my reports and
commentary over the years. It is because of you that I have had
such a full and joyous career." In retirement, Mr. Acampora will
continue teaching at the New York Institute of Finance and has
begun writing a book on technical analysis. He also plans to
dedicate significant time to the Hudson Riverfront Performing Arts
Center in Weehawken, New Jersey. In connection with Mr. Acampora's
retirement, Marc L. Sutin, 58, Director in Knight Technical
Research, was named Head of Technical Research, effective
immediately. About Knight Knight Capital Group, Inc. (NASDAQ:NITE)
is a leading financial services firm that provides voice and
electronic access to the capital markets across multiple asset
classes for buy-side, sell-side and corporate clients, and asset
management for institutions and private clients. Our Global Markets
business offers superior execution quality through natural
liquidity, capital facilitation and trading technology, with
comprehensive products and services that support the capital
formation process. Our Asset Management business, Deephaven Capital
Management, is a global multi-strategy alternative investment
manager focused on delivering attractive risk-adjusted returns with
low correlation to the broader markets. More information about
Knight can be found at http://www.knight.com/. Certain statements
contained herein constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on current expectations,
estimates and projections about the Company's industry,
management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Since such statements involve risks and uncertainties, the actual
results and performance of the Company may turn out to be
materially different from the results expressed or implied by such
forward-looking statements. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also
disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions
to the forward-looking statements made herein; however, readers
should carefully review reports or documents the Company files from
time to time with the Securities and Exchange Commission including,
without limitation, the risks and uncertainties detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risks Affecting our Business" in the Company's Annual Report on
Form 10-K. DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret
Wyrwas, Senior Managing Director, Corporate Communications &
Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons, Vice
President, Media Relations, +1-201-356-1523, , or Jonathan Mairs,
Vice President, Corporate Communications, +1-201-356-1529, , all of
Knight Capital Group, Inc. Web site: http://www.knight.com/
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