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Joanna Fields
Traders Magazine Online News

Navigating Cybersecurity on a Stretch of "Regulatory Rapids"

In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

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September 30, 2003

Fast Track

By Editorial Staff

*Mark Donahoe became head of equity trading at U.S. Bancorp Piper Jaffray. He replaced Tony Cecin who retired on June 30. Cecin spent 38 years trading. Donahoe, who joined U.S. Bancorp in 1982, will also continue to fulfill his role as head of sales trading.

*Richard Balarkas has been named head of the newly established equity trading services group at Credit Suisse First Boston. Balarkas, based in London, had been the global head of electronic trading and client connectivity at CSFB.

*Jack Baker joined Crown Financial as senior vice president and manager of institutional sales. He reports directly to John Leighton, Crown's chairman and CEO. Baker spent the last four years at Putnam Lovell NBF as head of institutional sales and trading for both Nasdaq and exchange listed securities. Baker will build an institutional sales and trading desk at Crown.

*Stephen Brodsky joined the Chicago Stock Exchange as senior vice president, strategic planning and sales. Brodsky will report to the CHX's CEO, Dave Herron. Previously, Brodsky was a vice president in the investment banking department of Mesirow Financial. There he focused on mergers and acquisitions and strategic alternatives analysis for financial services companies. Brodsky is the son of William Brodsky, the head of the Chicago Board Options Exchange.

*Joseph Reagan joined Harborside+ as vice president, sales trading. Reagan has some 20 years of equity capital markets trading experience at firms such as Merrill Lynch, J.P. Morgan Chase Securities and J&W Seligman Securities. Reagan was a senior position trader at J.P. Morgan Chase Securities. Before that, Reagan was a senior Nasdaq position trader with Merrill Lynch.

*The Boston Stock Exchange promoted Mike Curran to chief operating officer. He joined the exchange in 1991 as chief information officer. As COO, Curran is adding management responsibilities for sales and marketing as well as for legal and regulatory affairs.

*John Sesko joined Fulcrum Global Partners as director of sales trading. Sesko started his career at Merrill Lynch in 1972. He moved to Donaldson Lufkin & Jenrette in 1976 as a sales trader. In 1998, he was named head of U.S. sales trading at DLJ. When DLJ was acquired by CS First Boston, he joined CS First Boston as head of U.S. sales trading.

*Christopher Sansone joined Robotti & Company as a special situations analyst. He will research and trade new issues as they begin trading on the OTC Bulletin Board and the Pink Sheets. Before Robotti, Sanson worked for about five years at three over-the-counter firms, Jefferies & Company, Herzog, Heine, Geduld and Charles Schwab.

*Arthur Grant, president of independent brokerage Cadaret, Grant & Co., has been named to the board of directors of the Securities Industry Association. He takes the seat that had been occupied by R. Jack Conley, president and chief executive officer of VESTAX Securities. Conley is retiring. Grant is also a member of the National Association of Securities Dealers' Broker Dealer Committee and the SIA Independent Firms Committee.

*Charles Schwab & Co. announced that Jeffrey Brown has been appointed senior vice president and general counsel. Brown is coming over from the Cincinnati Stock Exchange, where he had been senior vice president for regulations. Brown has also worked as a senior general counsel for the Securities and Exchange Commission. Brown also advised the Romanian government in the mid-1990s. He helped it set up the Bucharest stock market.

*George R. Kramer has been appointed vice president and associate general counsel for the Securities Industry Association. He is going into private practice. Kramer has been working as a counsel for the SIA since 1995. Before the SIA, he had served as a special counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs.