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Anne Plested
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Anne Plested from Fidessa highlights potentially harmful effects of the MiFID II trading obligations for shares.

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April 1, 2000

Fast Track

Daniel Schaub was named head of Nasdaq trading at A.G. Edwards in St. Louis. He succeeds William Sulya, who retired from the firm in February. Schaub was previously director of investment banking at A.G. Edwards.

Crowell, Weedon & Co. in Los Angeles added two new Nasdaq market makers: Joe Kim and Marc Oliver, both from Sherwood Securities, now called NDB Capital Markets.

John McCarthy, the former assistant director of compliance inspections and examination at the Securities and Exchange Commission, joined Knight/Trimark Group as the firm's chief regulatory affairs officer.

Linda Ludeke joined Davenport & Co., LLC in Richmond, Va., as a vice president on its OTC trading desk. She was formerly with Scott & Stringfellow for over 20 years.

ING Barings in New York beefed up its Nasdaq sales and trading desk with four new hires: Raymond Valazquez, previously with CIBC World Markets, joined as head of Nasdaq trading; Brad Wilson, also from CIBC World Markets, joined as a senior equity sales trader; Edward Kovary, Jr. from Bank of America Securities, and Michael Weitzner, formerly with Goldman Sachs, both joined as senior Nasdaq traders. All are managing directors. They report to Bob Betack, head of equity markets for the Americas.

John Cronin, previously a senior trader with Chase H&Q in San Francisco, joined C.E. Unterberg, Towbin in New York as a Nasdaq market maker.

IPC Communications and its subsidiary, IXnet, named James M. Demitrieus as president and chief operating officer. He succeeds Gerald E. Starr, who will continue to work with both companies heading up global business development.

Marc Gresack was named president

of Philadelphia-based Ashton Technology Group, a subsidiary of Universal Trading Technologies. Gresack was previously a senior vice president and principal at Instinet Corp.

Edward Annunziato joined Wit Capital Europe Plc. as chairman and chief executive. Annunziato was previously with Merrill Lynch, where he co-headed investment banking for Europe, the Middle East and Africa.

Wit SoundView in New York appointed Max Palmer as chief information officer. Palmer was previously chief information officer at the National Securities Clearing Corporation.

William Gult, previously with Wasserstein Perella, joined Buckingham Research Group as a sales trader.

Tucker Anthony Cleary Gull in Milwaukee hired Steve Cass as a market maker for its Denver office. He was previously with Melvin Securities in Chicago.

Jocelyn DeCloux, previously with Everen Securities, joined Robert W. Baird & Co. in Milwaukee as a Nasdaq trader.

First Security Van Kasper in San Francisco added two Nasdaq market makers: Spencer Giesea, formerly with Spear, Leeds & Kellogg, and Peter Zavial from Bank of America Securities.

Thomas Weisel Partners in San Francisco named a new partner and beefed up the trading desk. Tim Heekin, a partner and director of trading, was named to the executive committee. The firm hired a slew of market makers: Jack Monopoli, Peter Cordts and Mike Healy, from Volpe Brown Whelan & Company; Victor Belmonte, formerly with Hambrecht & Quist; and Steve Boeckmann from Preferred Capital. Thomas Weisel also deepened the sales trading team. Kevin McEneaney, formerly a senior managing director with Bank of America Securities, joined as a partner; Andy Mosby came from Lehman Brothers; Ken Carpenter from Bank of America Securities and Ilisa Kane from Schroder & Co.

Investment Technology Group (ITG) in New York named Ananth Madhaven, a former professor, as the firm's managing director of research. She was previously professor of finance and business economics at the University of Southern California's Marshall School of Business. Madhaven replaced David C. Cushing, who was appointed chief executive of Edge Capital, a new ITG subsidiary.

The Montreal Exchange appointed Luc Bertrand, a vice president and managing director at National Bank Financial in Montreal, as president and chief executive.