ITG Adds Independent Director and Signs Cooperation Agreement With Philadelphia Financial and Voce Capital

NEW YORK, March 04, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG) an independent broker and financial technology provider, today announced that it has added a new independent member to its Board of Directors, Kevin J. Lynch, a private investor and former portfolio manager at JANA Partners LLC, under the terms of a new cooperation agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management LLC. Mr. Lynch will join the Board of Directors’ Capital Committee, which reviews the company’s allocation and use of capital in and among its various businesses and geographies and makes recommendations to the full Board regarding capital optimization strategies...