Thomas M. Joyce

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Thomas M. Joyce
Joyce.jpg
Occupation Former Chairman and CEO
Employer Knight Capital Group
Location New York

Thomas M. Joyce was chairman and CEO of Knight Capital Group from May 2002 until he resigned in July 2013, following the merger of Knight and GETCO.[1]

Joyce was instrumental in finding a merger partner for Knight in the wake of a $460 million loss due to a software glitch in August 2012. The loss forced Knight to scale back much of its market making operations while it sought capital partners. GETCO was chosen by Knight's board to take over the company. When the deal closed in July 2013, Joyce felt it was the "right time for me to resign."[2]

Background

Joyce served as president of Knight Trading Group until January 2005 after being appointed chairman in December 2004, and has also served as head of brokerage operations since June 2005. Prior to joining Knight, he was briefly global head of trading with Sanford C. Bernstein & Co. after a 15-year stint with Merrill Lynch, where he last served as global head of equity e-commerce from 1999 until 2001. Joyce previously served on the board of directors of NASDAQ.

Joyce also serves as a director of the Securities Industry and Financial Markets Association (SIFMA).

Education

Joyce received his A.B. in Economics from Harvard College in 1977.[3]

References

  1. KCG Chairman Tom Joyce resigns following merger. Bloomberg Businessweek.
  2. Joyce to KCG Board: ‘Right Time for Me to Resign’. Wall Street Journal MoneyBeat.
  3. Thomas M. Joyce Profile. Forbes.com.