KCG Holdings has hired a new chief financial officer after conducting an executive search.
KCG today announced that Steffen Parratt has been appointed as the company’s chief financial officer, effective immediately. Parratt assumes the role from Sean Galvin, the firm’s acting interim CFO. Now with Parratt in place, Galvin will return to his primary role as chief accounting officer.
“Steffen’s unique skillset at the intersection of finance, strategy and technology will be instrumental beyond the boundaries of a traditional financial services officer – he will also influence KCG’s business, balancing strategic initiatives with detail oriented and efficient processes,” said Daniel Coleman, KCG’s chief executive officer.
Parratt, an industry veteran with over 20 years of experience in the financial services and technology industries, will focus on business development, strategy and analysis working directly with executive management.
Most recently, Parratt was an entrepreneur, launching ventures in finance, management, and strategy with a focus on developing software to realize operational effectiveness and efficiencies.
Prior to this, he was a managing director at Bank of America Merrill Lynch where he helped develop a strategic plan to integrate Merrill Lynch, U.S. Trust and the legacy Bank of America wealth business.
Parratt also spent more than a decade at Citigroup Inc. in a number of leadership roles, most recently as managing director and global staff functions task leader, in its Reengineering and Productivity Group where he was responsible for reengineering organizations and processes in the firm’s finance, risk, compliance, audit, legal and human resources units.
Prior to his roles in finance, he worked as an engineer at Sandia National Laboratories and Hughes Aircraft Company.
