Lightyear Capital, a New York-based private equity firm that focuses on financial services investing, announced that Richard Korhammer has been appointed senior advisor. In this position, he will help to identify and evaluate financial technology and capital markets investment opportunities.

Korhammer is the co-founder (with Kamran Rafieyan ’89) and former chair and CEO of Lava Trading Inc. When Lava was acquired by Citigroup in 2004, he stayed on as head of global equities electronic execution. Korhammer continues to serve as the chairman of Yieldbroker, an electronic marketplace for the trading of debt securities and derivatives in Australia and New Zealand.

Korhammer holds a BSE in electrical engineering from Princeton. He stays connected to the University by volunteering on the International Alumni Association of Princeton and Careers Services Committees, for example.