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Bonds.com, Inc. (Bonds.com) is a new model for the trading of fixed income instruments in small size. The management team is working to anticipate industry developments and is working to provide innovative approaches to the trading of fixed income securities. To date these approaches have resulted in a neutral electronic platform to access liquidity and live orders; the opportunity for price discovery and negotiation; and a reduction in the time, labor, and cost of execution across a range of asset classes all of which trade large volumes in small size. The management structure comprises: Michael O. Sanderson is Chief Executive Officer. Mr. Sanderson will focus on the broad strategic plans for Bonds.com across financing, product structure, global expansion and the management of all operations. His prior experience includes the positions of CEO of NASDAQ Europe, Chairman and CEO of Reuters Americas, CEO of Instinet Inc., and Chairman and CEO of Merrill Lynch Canada. Industry veteran George O’Krepkie has been named President. He will focus on building market presence and expanding the business, and assumes responsibility for trading, sales and marketing, and client relations. Prior to joining Bonds.com, he was Head of Dealer Relationship Management at MarketAxess Inc. and former Director, Fixed Income, BTIG. Jeffrey Chertoff continues as Chief Financial Officer and is also responsible for investor relations. Prior to joining Bonds.com, he served as CFO of Stonecastle Partners LLC. Mr. Chertoff has significant industry experience and has served as CFO of Labranche & Co Inc., Cantor Fitzgerald-ESpeed, Inc. and Daiwa Securities America, Inc. He is past President of the Financial Management Division of the then Securities Industry Association (now SIFMA). John Ryan has been named Chief Administrative Officer. Prior to joining Bonds.com he served as CFO and CAO of Zurich Capital Markets, Inc. and was responsible for all financial, treasury, infrastructure (IT and operations), and human resource functions globally. While at Zurich, he served as a Director and Chair of the Audit Committee of Zurich Bank (Ireland). Prior to Zurich, he was CFO of Greenwich Capital Markets, Inc. This management structure also was reported in our Current Report on form 8-K filed with the S.E.C. on February 8, 2011. Michael Sanderson, Chief Executive Officer said: “We are providing fixed income traders with the only electronic platform that enables them to execute in small size in real time. We have a ‘deep bench’ management team combining expertise in fixed income and experience in building and scaling electronic businesses, and the resources to grow.” George O’Krepkie, President said: “Bonds.com is committed to providing traders with advanced tools that give them unprecedented access to the entire information landscape and the ability to execute against live orders on either a list or individual bond basis. Our connectivity brings supply and demand together regardless of source, and saves time, labor and cost – key measures demanded by both traders and firms as they seek efficiency and productivity. Our management team and desk is made up of industry veterans who have a deep and broad understanding of the global bond market and how new tools can aid in performance. We look forward to partnering with our clients and giving bond traders a new approach to what has historically been a difficult trading environment.” Forward-Looking Statements The statements made in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, statements regarding our ability to expand and grow the company, our ability to operate competitively and pursue growth objectives, our future performance and management’s ability to anticipate industry developments. Such forward-looking statements may be prefaced by words such as “anticipate”, “expect”, “believe” and words with similar meanings. As a result of a number of factors, actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions and the risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2010 and in our other filings with the U.S. Securities and Exchange Commission from time to time. The company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Press Release |
Industry Updates
Bonds.com reveals senior management structure
Tuesday, May 10, 2011
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