Thomas Joyce, the CEO of Knight Capital Group, is poised to collect a $7.5m retention payment tied to Getco LLC’s acquisition of the market-making firm, according to a government filing.
The new company will be called KCG, for Knight Capital Getco, and if the merger is terminated, Knight or Getco may be required to pay the other party a $53 m fee, the companies said.
In the meantime, the news organisation also reports that Nomura leapt to the top spot for underwriting Samurai bonds this year, the first time since 2001, as Japan’s biggest brokerage brought the most new issuers to market.
The bank managed $4.5bn of yen note sales by overseas borrowers, or 19.3% of the market, followed by Mizuho Financial Group Inc. (8411) with 19.1% and Daiwa Securities Group Inc. (8601)’s 14.6%, according to data compiled by Bloomberg.
Nomura, which arranged five debut deals this year, was fourth in 2011, after Daiwa, Mizuho and Mitsubishi UFJ Morgan Stanley Securities Co., the data show.