According to the announcement, Knight has established Knight Transition Management to provide clients with planning, implementation, and transaction monitoring services for transitioning global, multi-asset class portfolios. The company said it has added an experienced team with a proven track record from Lambright Financial Solutions.
Knight Transition Management will help plan sponsors and investment managers preserve value and mitigate risk in transitions triggered by an asset allocation shift, a change in fund managers, outsized fund flows or a merger of funds, among other events. For each mandate, the group will seek to manage operational and opportunity risk as well as limit market impact costs, and will provide clients with regular transaction updates.
Shauna M. Lambright has been named Managing Director and Head of the new business, and Frederick J. Porzelt and Connie Kreutzer have been named Directors. They join Knight Transition Management from Lambright Financial Solutions.
Lambright founded Lambright Financial Solutions in 2004 after a stint as Senior Vice President of the Plan Sponsor Sales Division at BNY Brokerage specializing in transition management services, commission recapture, and issuer buybacks.
Porzelt was Director of Client Services at Lambright, and previously was at BNY Brokerage specializing in transition management services and commission recapture. Kreutzer was Director of Institutional Equities at Lambright, and previously was Managing Director at Banc of America Securities where she managed the Midwest equity trading team serving buy-side clients.
More about Knight Capital Group is at www.knight.com .