Getco Appoints Former UBS Exec as CEO

Getco LLC has announced the appointment of Daniel Coleman as its CEO, effective immediately.
Coleman was previously serving as the company's global head of equities and client services. As part of the reshuffle, co-founder Stephen Schuler will assume the role of executive director. Prior to Getco, Coleman held senior-level positions at UBS, as its global head of equities and as a sitting member of both the investment bank's executive committee and UBS AG's group managing board.
"Daniel is perfectly aligned with our long-term vision of utilizing technology to transform how investors transfer risk," says Getco Co-Founder Dan Tierney. "His unique combination of professional experiences, leadership ability and business acumen make him the ideal leader for the next stage of our growth."
Coleman will renew the firm's focus on its risk transference strategy, as well as engaging in new markets. The appointment marks a growth and opening of the once-secretive high-frequency trading firm, in light of regulatory reform and incoming restrictions on banks such as the Volcker Rule. During his previous role at the firm, Coleman oversaw initiatives such as Getco Execution Services, which provides algorithms and execution to clients, as well as its designated market maker operation, which is now the second-largest at the New York Stock Exchange.
"When I joined Getco, I was on a personal mission to find a firm that was at the forefront of trading and technology, as well as focused on improving the markets for all investors," says Coleman. "Stephen and Dan built an amazing firm that has been a catalyst for positive change in the financial markets for the last 12 years. Getco's Associates are some of the most passionate and talented professionals I have had the pleasure of working with, and I look forward to building upon this tradition of excellence and innovation."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Ep. 324: A philosophical conversation about AI
This week, Reb and Nyela discuss BNY’s digital workers, and what the use of AI in society signals for the future.
Cloud Wars: Are EU and APAC firms really pining for homegrown options?
Waters Wrap: In the wake of tariffs and regional instability, there’s chatter about non-US firms lessening their dependency on the major hyperscalers. Anthony is not buying it.
Google gifts Linux, capital raised for Canton, one less CTP bid, and more
The Waters Cooler: Banks team up for open-source AI controls, S&P injects GenAI into Capital IQ, and Goldman Sachs employees get their own AI assistant in this week’s news roundup.
Numerix strikes Hundsun deal as China pushes domestic tech
The homegrown tech initiative—‘Xinchuang’—is a new challenge for foreign vendors.
RBC’s partnership with GenAI vendor Cohere begins to bear fruit
The platform aims to help the Canadian bank achieve its lofty AI goals.
Deutsche Bank casts a cautious eye towards agentic AI
“An AI worker is something that is really buildable,” says innovation and AI head
TMX buys ETF biz, Iress reinvests in trading tools, UBS data exposed, and more
The Waters Cooler: Euroclear’s next-gen service, MarketAxess launches e-trading for IGBs, and new FX services are in this week’s news round-up.
SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.