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May 31, 2000

Industry Watch: Fast Track

By Editorial Staff

Black & Co in Portland, Oregon added two Nasdaq/listed sales traders: Kim Chun from Morgan Stanley Dean Witter and Kristi Pilkington from Bidwell & Co.

William Gaulp joined Buckingham Research in New York as a sales trader. He was previously with Gruntal & Co.

Jimmy Bernard, previously an options trader at the Chicago Board of Trade, joined Tejas Securities Group Inc. in Austin, Texas as vice president of equity trading.

Knight Trading Group hired Walter McBride as chief information officer. He was previously a principal in Ernst & Young's consulting services information technology practice.

William Thomson, previously a Nasdaq trader at Advest Group, founded the hedge fund, Doune Capital LP, in West Hartford, Conn.

Chase H&Q in New York added two Nasdaq market makers: Lisa Ingrassia, previously with Bear, Stearns & Co., and John Genovese, Jr. from CIBC Oppenheimer. Genovese joined as a senior Nasdaq market maker.

Donaldson Lufkin & Jenrette in New York beefed up its Nasdaq desk with four new hires: Ted Haley and Bob Sprotte, both from Hambrecht & Quist; John Lazo, previously with CIBC Oppenheimer; and Ed Smith from First Albany. They report to Robert Padala, managing director and head of the OTC desk.

Michael Roden, previously with Deutsche Banc Alex. Brown, joined Legg Mason Wood Walker in Baltimore as a Nasdaq market maker.

Fleet Trading in West Hempstead, N.Y., hired five Nasdaq market makers: Benny Biordi and Mike Greenberg, both from Spear, Leeds & Kellogg; Mike Padala from Sandler O'Neill; Marshall Tally, previously with CIBC Oppenheimer; and Phil Mazen from SBC Warburg Dillon Read.

Doug Deatrick, previously with Houston Capital, joined Raymond James in St. Petersburg, Fla. as a Nasdaq/listed sales trader.

The International Securities Exchange (ISE) in New York named William A. Porter, co-founder of the ISE, to become its first chairman.

Scott Johnston joined the Chicago Mercantile Exchange as managing director and chief information officer. He was previously with UBS Warburg.

Holly Stark, a buy-side trader, previously with Dalton, Greiner, Hartman, Maher & Co., joined Kern Capital Management in New York. She will run the trading desk.

The Securities Industry Association made two top appointments: Keith Utsey was named vice president and counsel, state government affairs. Utsey was previously government relations counsel for TIAA-CREF.

Thomas Price, formerly a corporate relations manager for the American Stock Exchange, was named vice president, marketing services.

BRUT ECN created a new position, naming Richard Schenkman, the former number two executive at Instinet, as chief executive. Brian Hyndman will remain president. Schenkman spent 15 years at Instinet, most recently as executive vice president and chief operating officer.

Kevin McCarthy, previously with Prudential Securities in Boston, joined Thomas Weisel Partners as a Nasdaq sales trader.

Credit Suisse First Boston made four appointments in its global equity capital markets division. Leigh-Pemberton was promoted from head of European capital markets to co-head of global European capital markets. He will join co-head of global European capital markets, Ernesto Cruz. Cruz was previously head of European capital markets in the Americas at CSFB. Jeffrey Bunzel and Alan Sheriff were named co-heads of equity capital markets for the Americas.

A Wall Street legend, Stanley Shopkorn, former head trader at Salomon Smith Barney, resigned from Moore Capital, a hedge fund in New York. He plans to spend the summer sailing the Mediterranean with his wife and two adult children.

NDB Capital Markets (formerly Sherwood Securities Corp.) will officially begin trading under a new market making symbol (currently SHWD) in fourth quarter, 2000. The MMID is NDBC.