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April 30, 2003

Fast Track

By Editorial Staff

Burlington Capital Markets announced that James Ross joined as managing director of institutional sales and call market trading. Ross joins Burlington following about a decade in upper management at Instinet.

*RBC Dain Correspondent Services named Tom Parr vice president of business development. Parr will report to Craig Gordon, national director of business development. Parr will join a team of sales professionals within RBC Dain Correspondent Services that provides clearing services to independent broker dealers.

*Bill Yancey, formerly of Southwest Securities, joined ATD as President of Automated Trading Desk Brokerage Services. He is responsible for all proprietary and institutional trading at ATD. He will also take charge of the consolidated marketing efforts for all of its operations. Yancey previously worked at Southwest Securities where he was responsible for all principal and agency trading operations and portfolio trading.

*Dresdner Kleinwort Wasserstein expanded its New York and London portfolio trading teams. In New York, the bank hired Tom Jardine from Deutsche Bank as head of U.S. portfolio trading; John Andretta from Merrill Lynch as a senior arbitrage trader; and Michael Brocking also from Merrill Lynch, as a director responsible for global customer coordination. In London, it signed Zachary Tuckwell, former head of U.K. and European portfolio trading at Merrill Lynch to head up the same business area; Silvio Lotufo from Merrill Lynch as a director of quantitive research; and

Dimitri Dardanis from Schroder Salomon Smith Barney as a senior sales trader.

*Steve Austin was hired as director of institutional sales at Miller Johnson Steichen Kinnard in Minneapolis. Austin previously set up the Minneapolis branch of HD Brous. Brian Gifford was also named as head of trading at Miller Johnson. He was originally a trader with John G. Kinnard. Greg Pfleider also rejoined the firm as head of sales coverage trading. Pfleider had also worked for HD Brous and before that at Kinnard.

*Credit Suisse First Boston's Canadian desk hired two traders. Richard Kim joins from UBS Warburg. Tom Kehoe joins from Scotia Capital. Both traders began their careers in the research department of UBS Warburg. The hirings follow the departures from CSFB of Jamie Holden, Tony Oram and Keith Giles. The three moved to Dundee Securities. Holden and Giles are agency traders. Oram is a liability trader.

*Craig Viani joined BNY Brokerage, a unit of BNY Securities Group, as head of its newly established OTC trading desk. The specialized desk manages executions across multiple ECNs and market makers. Previously, Viani was an OTC specialist at Investment Technology Group. Prior to that, he worked in trading and operations at Salomon Smith Barney.

*First Albany made two hires for its trading group. Mark Palamountain joins as managing director of Nasdaq trading. Palamountain comes to First Albany from Thomas Weisel Partners where he was a senior trader. Palamountain began his career as an OTC trader with Hambrecht & Quist. He is based in First Albany's San Francisco office.

*Banc of America Securities hired Joe Gervais, Joe Scafidi and Ian Winer as co-heads of U.S. equity trading. The three will oversee all position trading in listed, Nasdaq and ADR stocks and will report to Ciaran O'Kelly, global head of equity trading. Gervais was with Goldman Sachs for the past seven years. He will trade retailing stocks. He will also oversee the consumer, industrial, materials and health care sectors, as well as the listed product. Scafidi joins from Lehman Brothers. He will trade telecom and media stocks. He will also have responsibility for the financials, utilities and energy sectors and the ADR product. Winer joins from Citigroup where he was co-head of technology trading. He will oversee the technology sector team as well as the Nasdaq product.