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Brijesh Malkan
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Solving the Last Mile Problem in Investment Research

One executive takes a forward look at how will the research value proposition change over the short to medium term, and what are the products and strategies managers will turn to?

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January 1, 2002

Fast Track

By Editorial Staff

ViewTrade in Boca Raton, Fla., hired Brian Fitzgerald as head trader and Ted Bodensteiner as an equity trader. Both are from Barron Chase. Jeff Smith, previously with Wien Securities; Scott Hughes, from North American Institutional Brokers; and Frank Balsamo, formerly with Ladenburg Capital Management, also joined as equity traders.

Chris Sarkis joined Cantor Fitzgerald in New York as a sales trader. He was previously with Oscar Gruss.

Boston Capital Corporation in Boston, Mass., named Frank L. Chandler vice president and director of sales. Chandler was previously assistant vice president and director of internal sales.

Jeff Christanell rejoined Huntleigh Securities in St. Louis, Mo., as head trader. He was previously with Smith Moore.

BRUT, LLC. in New York hired John M. Palazzo as vice president and head of its institutional business. He was previously co-president of Tradescape Technology Holdings, Inc., a division of MarketXT.

Lawrence Leibowitz, previously chief executive of REDIBook, joined Charles Schwab Capital Markets in Jersey City, N.J., as senior vice president, global electronic trading and connectivity.

Finance Investments in Boca Raton, Fla., hired Bill Groeneveld as a Nasdaq trader and head of wholesale operations. He was previously with Program Trading Corp. Ryan Leeds, Chad Robbins, and Ian Spanko joined as Nasdaq traders. All were formerly with Program Trading Corp. Jim Maguire, from Fleet Trading, also joined as a Nasdaq trader.

Barry Newman joined Bear Stearns & Co.'s investment banking department as a senior managing director and vice chairman of its technology group. Newman, who was previously with Bank of America Corp., will be based in Palo Alto, Ca.

Strategic Financial Solutions in Memphis, Tenn., hired Meredith A. Jones as director of market research. She was previously vice president and director of research for Van Hedge Fund Advisors International.

James Mytinger joined Huberman Financial in Dallas, Texas, as a Nasdaq market maker. He was previously with Security Investment Company of Kansas City.

The Securities and Exchange Commission appointed Alan L. Beller director of the division of corporate finance. Beller, who was previously a partner at Cleary Gottlieb & Hamilton, was also named senior counselor to the Commission. Randal R. Lee was named regional director of the Commission's Pacific regional office. He was previously deputy chief of the major frauds section of the U.S. Attorney's office in the central district of California.

Bear Stearns Companies in New York appointed Samuel L. Molinaro, Jr., chief financial officer and senior vice president, to the firm's executive committee.

John Gutfreund joined C.E. Unterberg, Towbin in New York as a senior managing director. He was previously chief executive at Salomon Brothers. Gutfreund left Salomon in 1991.

The International Securities Exchange named James O. Sampson vice president, market supervision. He was previously surveillance director at ISE.

John Whitehead, formerly co-chairman of Goldman Sachs, was appointed head of the Lower Manhattan Redevelopment Corp., the joint New York State-City of New York government agency that will oversee the rebuilding of lower Manhattan. Former Nasdaq Stock Market chairman Frank Zarb, now chairman of Nasdaq Europe, and Dick Grasso, chairman of the New York Stock Exchange, were named members of the 11-person board.

The Chicago Stock Exchange named A.D. Frazier chairman and chief executive. He was previously president. Frazier succeeds Lee M. Mitchell, who will remain on the exchange's board of directors. Chief operating officer, Paul B. O'Kelly, was appointed to the additional post of president.

Dain Rausher Wessels in Minneapolis changed its name to RBC Capital Markets while Dain Correspondent Services changed its name to RBC Dain Correspondent Services.