KCG's ETF sales chief has turned up at a tiny Russian funds platform

Updated: Sep 5, 2018


KCG Holdings’ senior management have been spilling out since the takeover by rival high frequency trading firm Virtu earlier this year. But, they’ve been landing new jobs.


Elio Manca, the head of ETF sales in Europe who spent six years at KCG before departing last year before the Virtu deal, has just taken a role as a managing director and head of sales and business development at ITI Funds.


ITI Funds is a Russian fund platform that offers a range of emerging markets ETFs. It also provides investment services for asset managers and hedge funds in the country. So far, Manca appears to be the only UK employee and the company is neither authorised by the Financial Conduct Authority or yet to appear on Companies House.


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