Global market maker GETCO today announced that Daniel Coleman has been named CEO of the automated, multi-asset trading firm, effective immediately. Coleman assumes the role of CEO after serving as the firm’s global head of equities and client services for the past two years.
GETCO Co-Founders Stephen Schuler and Dan Tierney appointed Colmen to the CEO role, citing the unique combination of his business experience, leadership and stability. Schuler and Tierney will continue to serve on GETCO’s Board of Directors, with Schuler assuming the newly created role of executive director. “In 2010, we were fortunate enough to bring Daniel Coleman to GETCO,” said Stephen Schuler, co-founder and executive director. “We had a sense that he might be the right person to lead us into the next phase of our evolution, and we are pleased to see our instincts borne out. Since joining GETCO, Daniel’s leadership and insights have greatly contributed to our continued growth, success, and most importantly, our culture.” “Daniel is perfectly aligned with our long-term vision of utilizing technology to transform how investors transfer risk,” commented Tierney in the same release.
As CEO, Coleman will focus on enhancing the firm’s core market-making business and continuing to expand the firm’s client services offerings in the U.S. and abroad. In his previous role as global head of equities and client services, Coleman oversaw the firm’s equities market-making operations and client-facing businesses, including GETCO Execution Services (GES), GES Europe and GETCO’s NYSE Designated Market Maker (NYSE DMM). Under his leadership, GETCO acquired Banc of America Specialists, Inc., which significantly grew GETCO’s NYSE DMM business as well as Automat, a London-based trading firm focused on currencies. GETCO is now the second largest DMM at NYSE with more than 850 listing assignments. Coleman brings more than 25 years of experience in trading and financial services, including leadership positions with multiple global organizations. Prior to GETCO, Coleman served as global head of equities for UBS and served on its investment bank’s Executive Committee, as well as the UBS Ag’s Group Managing Board. Coleman began his career at O’Connor & Associates, a Chicago-based trading firm focused on equity options market making that later became part of Swiss Bank Corporation.