Thomas M. Joyce
|Thomas M. Joyce
|Former Chairman and CEO
|Knight Capital Group
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."
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).