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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JB2 who wrote (1863)	6/28/1999 9:13:00 AM
From: Kip518	Respond to of 10027

June 28, 1999 09:02 John G. Hewitt Joins Knight Securities as President; Hewitt to Drive Knight's Expansion into the Options and International Securities Markets JERSEY CITY, N.J., June 28 /PRNewswire/ -- Knight/Trimark Group, Inc. (Nasdaq: NITE) announced today the appointment of John G. Hewitt, formerly vice president of Electronic Trading at Goldman Sachs, as president of its Knight Securities subsidiary. Hewitt, 48, is charged with diversifying the leading market maker's revenue stream by expanding the firm into the options and international equities market making arenas. He also will orchestrate the development of a next-generation trading platform that will bolster Knight/Trimark's trade execution capacity. Before joining Goldman Sachs, Hewitt was senior vice president and chief operating officer of the New York Futures Exchange at the New York Stock Exchange (NYSE) from 1978 to 1986. In 1986, Hewitt joined Goldman as chief administrative officer of the Trading and Arbitrage division. In that role, he helped lead Goldman's worldwide expansion of its equities business. In his most recent position at Goldman, Hewitt helped formulate the firm's electronic trading, connectivity and Internet strategy. He also spearheaded many of Goldman's recent electronic trading joint ventures such as Optimark, BRUT, Archipelago, Primex and Wit Capital. "John will complement our existing management team and help us stay ahead of the fundamental changes taking place in the world's financial markets," said Kenneth D. Pasternak, president and chief executive officer of Knight/Trimark Group. "His deep understanding of electronic trading and strong track record in the options and international securities markets make him the perfect match to achieve our vision to become the largest market maker in the world." "Knight/Trimark has displayed an enviable ability to execute the right idea at the right time," said Hewitt. "The company is in the very early stages of its life cycle, yet already its business model and technology platform set it apart from others. I relish the opportunity to help Knight/Trimark shape the evolution of the global marketplace." Knight/Trimark plans to play an active role in European equity markets by early 2000. The firm recently opened a London-based subsidiary, Knight Securities International Ltd., which operates as an institutional sales office, arranging transactions in U.S. equity securities between U.S. institutional customers and Knight Securities.