Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the appointment of Rich Repetto as an independent director of the firm effective January 1, 2024.

“We are pleased to announce the appointment of Rich to the Board of Directors following his distinguished career where he pioneered the research of electronic brokers and exchanges,” said Thomas Peterffy, Founder and Chairman of Interactive Brokers. “Mr. Repetto’s extensive knowledge and understanding of the electronic investing and trading industry brings an important perspective to the Board, and we look forward to benefiting from his insights.”

A renowned research analyst with over 25 years of experience covering electronic trading and financial technology companies, Mr. Repetto retired in June 2023 as Managing Director and Senior Research Analyst at Piper Sandler.

Mr. Repetto was a Principal at Sandler O’Neill for approximately 20 years, and before that, he was a Managing Director and analyst with Putnam Lovell NBF, overseeing equity research in the electronic finance and brokerage industries. He also worked for Lehman Brothers and founded the company’s coverage of the Internet financial services sector. Prior to that, he was with Mobil in sales and marketing for 10 years.

Mr. Repetto holds an MBA in finance from the Wharton School of the University of Pennsylvania.