In his new role, Coleman will focus on enhancing the firm’s core market-making business and continuing to expand the firm’s client services offerings in the US and abroad.

Coleman will replace co-founder Stephen Schuler as CEO while Schuler will become executive director and will remain active in the firm.

In his previous role as global head of equities and client services, Coleman oversaw the firm’s equities market-making operations and client-facing businesses, including GETCO Execution Services (GES), GES Europe and GETCO’s NYSE Designated Market Maker.

Prior to GETCO, Coleman served as global head of equities for UBS and served on its investment bank’s executive committee, as well as the UBS Group managing board.

GETCO Co-Founder Dan Tierney said that Daniel is perfectly aligned with the company’s long-term vision of utilizing technology to transform how investors transfer risk.

"His unique combination of professional experiences, leadership ability and business acumen make him the ideal leader for the next stage of our growth," Tierney said.