Knight Capital creates CRO role after $440 million losses
Following losses because of a rogue algorithm, Knight Capital creates new roles
Knight Capital has promoted Brian Strauss to the newly created position of chief risk officer. The role has global responsibility for credit, market and operational risk management.
Strauss will report to executive vice-president and chief financial officer Steven Bisgay.
Strauss joined Knight in 2009 as head of credit risk for Knight's institutional fixed income business. Prior to this he worked
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