KCG Reorganizes London Sales Staff as Four Said to Be Departing
- New approach comes after Rob Crane arrives from Goldman Sachs
- Sales shakeup comes 2 years after Knight Capital-Getco merger
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KCG Holdings Inc. is reorganizing its London sales staff following the arrival of former Goldman Sachs Group Inc. executive Rob Crane at the brokerage and automated trading firm. Four sales staff are planning to leave.
The company is refocusing its sales coverage to eliminate overlap while cross-selling its services to customers, according to an internal memo obtained by Bloomberg News. No personnel have been fired and talks are continuing on the departures, according to a person familiar with the discussions who asked not to identified, citing confidentiality.