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December 1, 2002

Fast Track

By Editorial Staff

*At Wells Fargo Securities, Michael Perrella was named a managing director and head of equity sales trading. Perrella joined Wells Fargo Securities from Robertson Stephens, where he was managing director in sales trading. Previously, he was the senior trader at Husic Capital and a vice president at Kidder Peabody.

*William McKenna joined Friedman Billings Ramsey's recently-opened San Francisco office as a vice president and senior sales trader. McKenna was previously a sales trader with Genesis Merchant Group Securities. He has also worked as an equity trader with Gardner Lewis Asset Management. The San Francisco office is the 16th satellite operation for the Arlington, Va.-based FBR.

*Dan Schapiro joined the Portland, Ore.-based D.A. Davidson as head of Nasdaq trading, a new position. Schapiro was previously head of Nasdaq trading at the now-defunct Frost

Securities. Frost was shuttered last summer by parent Cullen/Frost Bankers, resulting in pink slips for 44 staffers.

*Jim Byrnes joined the New York trading operation of San Francisco's Thomas Weisel Partners as a sales trader. He reports to Rick Guerin, director of New York sales trading. Byrnes was previously with J.P. Morgan Chase.

*Knight Trading Group expanded in Boston, hiring five new pros in sales trading unit. Maria Serwin joined from Merrill Lynch where she was the director of the institutional sales trading effort in Boston; Jeffrey Breay joined from Jefferies & Co.; Tricia Downs came from Lehman Brothers; Joseph Hayward joined from GKM where he was vice president of listed trading; Doug Percy arrived from RBC Capital Markets where he was director of institutional sales trading in Boston. The new traders report to Steve Ashekian, who is head of Knight's Boston office.

*Dave Herron was named chief executive of the Chicago Stock Exchange. The 25-year industry veteran was previously in charge of listed equities trading at Charles Schwab, working out of the broker's Boston office. He began his career with the Pacific Stock Exchange as a floor reporter before eventually becoming a specialist. In 1982, he moved to the Boston Stock Exchange.

*Blaylock & Partners in New York opened a Nasdaq dealing desk under the command of Joe Sager, who reports to Frederic Capozzie, head of equity and sales trading. The firm also hired a group of sales traders in New York: Kurt Weber, Peter Seeman, Scott Sullivan, Sylvester Rowe Jr., Harrison Reyford and Geraldine Devito. It also hired Kim Crespi as a sales trader in the firm's new Boston office.

*Harborside+ announced the addition of Tom Kane and Eric Niederreither to the sales and trading staff. Kane joined Harborside+ from Knight Securities where, as vice president of national institutional sales and connectivity, he managed the business development and customer connectivity group. Niederreither is a former equities trader with previous affiliations at J.P. Morgan Chase, his most recent employer, as well as Lehman Brothers Inc., S.G.

Warburg and Co., Inc., and E.F. Hutton and Company, Inc.

*Hill, Thompson, Magid is expanding on its OTC trading desk, adding nine new pros: Mark Yutko and George Cabrera who joined from Gruntal and Co.; Greg Hyman from Knight Trading Group; Fred Rosenberg, formerly with Schwab Capital Markets, who signed on as a senior institutional sales trader; David Barsic who joined from Gilford Securities; Thomas Murphy from Donald and Co.; Timothy O'Donnell from NDB Capital and John Kennedy, formerly of Ladenburg, Thalmann and Co. Thomas Giordano joined the firm from NDB Capital as a member of Hill' s International department.