OES MarketGroup, a leading provider of electronic market connectivity and liquidity access, today named Richard Korhammer as its interim chief executive officer and chairman.
Mr. Korhammer has more than 20 years of entrepreneurial and management experience including having served as a member of the OES Board of Advisors since 2007. At OES he will oversee all of the company’s strategic initiatives, including sales, technology and new product development.
He succeeds David Scheckel, who will continue to serve on the OES Board of Directors.
Mr. Korhammer’s career has been spent building and growing technology and finance sector companies. He was CEO, co-founder and chairman of Lava Trading Inc., which he guided from its inception in 1999 to its sale to and acquisition by Citigroup in 2004, a year after he won the Ernst & Young Entrepreneur of the Year® Award for the Metropolitan New York Area. Previously, he consulted to Wall Street firms, providing strategic, technical and advisory services, and in 2001 was awarded a U.S. patent for an innovative trading system. Mr. Korhammer was also with NeXT Computers, founded by Steve Jobs, current CEO of Apple. At NeXT, he worked closely with Wall Street firms in the analysis of NeXTStep’s custom application development architecture in the area of proprietary trading solutions. Mr. Korhammer holds a B.S.E. in Computer Science and Electrical Engineering from Princeton University.
“OES is delighted to have Rich Korhammer join the organization,” said Mr. Scheckel. “He brings an enviable track record of success in the financial sector and the right mix of industry expertise, market insight and client-focus. I join with the OES Board and senior management in welcoming him and in expressing confidence that he will provide excellent leadership."
“OES is a pioneer in providing private linkage services in the U.S.,” Mr. Korhammer said. “I am excited to join the firm at this point in its history and development. It will be my responsibility to continue to focus OES on executing on its strategic plan and strive to develop and deploy innovative new services as the markets we serve continue to evolve.”