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Lightyear Capital names Richard Korhammer senior adviser

Lightyear Capital, a New York-based private equity firm focused on financial services investing, has appointed Richard Korhammer as senior adviser.

Korhammer (pictured) will draw upon his extensive background in financial technology to help identify and evaluate financial technology and capital markets investment opportunities for Lightyear.
 
In 1999, Korhammer co-founded Lava, an equities and foreign exchange direct market access and order management system provider. As CEO, Korhammer guided Lava from its inception through Lava’s acquisition by Citigroup in 2004. After the purchase, Korhammer remained at Citigroup as the head of global equities electronic execution.
 
Korhammer currently serves as the chairman of Yieldbroker, an electronic marketplace for trading of debt securities and derivatives in Australia and New Zealand, which is owned by a consortium of global debt market participants.
 
“Richard’s extensive background in financial technology and capital markets and his management and strategic leadership experience will be an asset to our firm as we develop new investment opportunities in the financial technology sector,” says Donald B Marron, chairman of Lightyear.
 
Korhammer assisted Lightyear in evaluating its recent investment in REDI, a broker-neutral technology platform for global trading in equities and derivatives. Lightyear invested in REDI as the only private equity participant in a consortium of investors including BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Goldman Sachs.
 
Korhammer says: “Lightyear has a strong industry reputation along with a talented and knowledgeable team. I’m very much looking forward to bringing my experience and background to help identify and evaluate financial technology and capital markets investment opportunities.”

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