Board of Directors
Francis J. Troise
Chief Executive Officer and President
Frank Troise joined ITG in January 2016 from J.P. Morgan, where he was head of J.P. Morgan Execution Services, a global cross-asset execution group. Previously, he was global head of electronic trading at Barclays Capital and head of U.S. electronic trading at Lehman Brothers.
Prior to joining Lehman Brothers, Troise spent eight years at ITG, including serving as managing director in charge of client site sales and trading. He also has held management consulting positions at Booz Allen and Accenture, and previously served on the boards of BIDS Holdings, Chi-X Global Holdings, and Neovest.
Troise earned a bachelor of science degree in electrical engineering at Boston University, a master of science in operations research at Columbia University, and an MBA at MIT’s Sloan School of Management.
Brian G. Cartwright
Independent Board Member, Audit Committee Member, Nominating and Corporate Governance Committee Member, Technology Committee Member
Brian Cartwright has been a director since January 2016. He is also a senior advisor to Patomak Global Partners LLC, a regulatory consulting firm, and serves on the board of HCP, Inc. From 2009 to 2011, Mr. Cartwright was senior advisor at the law firm of Latham & Watkins LLP. From 2006 to 2009, he served as General Counsel of the Securities and Exchange Commission. Prior to the SEC, Mr. Cartwright served in various senior management positions at Latham & Watkins. From 1981 through 1982, Mr. Cartwright served as a law clerk to Associate Justice Sandra Day O’Connor on the U.S. Supreme Court. Before practicing law, Mr. Cartwright was a research physicist at the University of California.
Chairman of the Board, Independent Board Member, Compensation Committee Member, Nominating and Corporate Governance Committee Chairman
Minder Cheng has been chairman since January 2016 and a director since November 2010. From December 2009 until July 2010, Mr. Cheng served as Chief Investment Officer for Index Equity and Capital Markets at BlackRock. Mr. Cheng joined BlackRock via its 2009 merger with Barclays Global Investors (BGI), where he worked in a variety of capacities for the prior 10 years, most recently as CIO of BGI’s Equity and Capital Markets division. Prior to BGI, Mr. Cheng held research, strategy and proprietary trading roles in Tokyo, London and New York. Mr. Cheng currently serves as Chairman of the board of directors at MediaCrossing Inc., a Senior Advisor at Executive Networks and an Advisor at Armanta, Inc.
Timothy L. Jones
Independent Board Member, Audit Committee Member, Technology Committee Chairman
Timothy Jones has been a director since March 2005. Since July 2010, Mr. Jones has been chief executive officer of the National Employment Savings Trust Corporation (NEST), a public body of the Department for Work and Pensions within the United Kingdom government. From 2007 to July 2010, Mr. Jones served as CEO of the Personal Accounts Delivery Authority (PADA), a predecessor organization to NEST. Prior to PADA, Mr. Jones served as CEO of Simpay Limited and was co-founder and CEO of Purseus. Prior to Purseus, Mr. Jones spent 17 years at National Westminster Bank PLC, becoming a managing director in 1996 and chief executive of the retail banking division in 1999.
R. Jarrett Lilien
Independent Board Member, Compensation Committee Member, Capital Committee Chairman
R. Jarrett Lilien has been a director since April 2015. He served as interim CEO of ITG from August 2015 until January 2016. Mr. Lilien is the managing partner of Bendigo Partners, LLC, a venture capital investment firm which he founded in 2008. From 2003 to 2008, Mr. Lilien served as the president and chief operating officer of E*TRADE Financial Corporation. Previously, Mr. Lilien was President and chief brokerage officer at E*TRADE Securities, Inc. Prior to joining E*TRADE, Mr. Lilien spent 10 years as chief executive officer at institutional brokerage TIR (Holdings) Limited, which E*TRADE acquired in 1999. Mr. Lilien currently serves on the board of directors of WisdomTree Investments, Inc. and Tradier, Inc.