Trading

KCG Europe boss departs as takeover completes

Phil Allison, who became chief executive of KCG's European business in 2014, is in line for a parachute payment of $7m

Phil Allison
Phil Allison

One of the best-known names in European equities is on the move, after trading firm Virtu Financial today sealed its $1.4bn takeover of high speed trader KCG Holdings.

Phil Allison, who forged a reputation in equity trading circles during a near 17-year career at Swiss bank UBS, has left KCG, according to people familiar with the matter.

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