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August 31, 2004

Fast Track

By Editorial Staff

*Darleen Karczewski joined Wien Securities as a sales trader. Karczewski was previously a sales trader at M.H. Meyerson (now Crown Financial).

*The Securities Industry Association named Michael LaBranche to its board of directors. He is the chairman and president of LaBranche & Co. LaBranche replaces Myles Gillespie of Fleet Specialist. LaBranche has served as chairman and president of his business since it became a public firm in 1999. He has also served as a governor of the New York Stock Exchange and is a member of the NYSE's Market Performance Committee.

*Several former Banc of America Securities traders have come on board at Baypoint Trading, a broker dealer based in San Francisco. Scott Kovalik, formerly head of U.S. cash trading at BofA, Kevin Chessen, who ran listed trading, and Cordy Snyder, head of OTC trading, are partners in the new venture. Kovalik, Chessen and Snyder left BofA in 2002. Todd Molyneux and Chris Cassanova, listed traders at BofA, also joined Baypoint. Mike van Allen, formerly in charge of trading technology at BofA, also moved to Baypoint.

*Rich Gimigliano went to San Francisco-based ThinkEquity as head of equity capital markets. Gimigliano formerly ran the Nasdaq desk at First Albany, also in San Francisco. Previously, he was the head of sales trading at both Thomas Weisel Partners and Lehman Brothers. Gimigliano also held the position of senior sales trader at First Boston and Montgomery Securities.

*David Cantrell joined Raymond James Financial in Los Angeles as a sales trader. Cantrell was previously a sales trader at Wedbush Morgan in Los Angles.

*Deutsche Bank named Neil Hosie deputy head of Asian equity trading, a new position. He was previously with UBS as director of Asian equity trading. Hosie was employed at UBS from 1997. Hosie's hire follows that of David Sayer from

JP Morgan. Sayer is a vice president of Deutsche's Asian equities trading


*Josh Galper joined the Tabb Group's New York office as a consultant. Galper's expertise is equity trading and asset management product integration and development. Galper joins the Tabb Group from Nonlinear Markets, Inc., a consulting firm he launched after serving as head of electronic trading at Sanford C. Bernstein. Galper joined Bernstein from Merrill Lynch where he was vice president in the institutional division, first in global equities, later in clearing, settlement and prime brokerage.

*Randy Grossman joined the Capital Markets research team of Financial Insights. Grossman has more than 20 years of experience in capital markets, including senior positions in sellside and buyside institutions, in the U. S. and Europe. Prior to joining Financial Insights, Grossman was director of global portfolio trading at Instinet Corporation.

*Tullett Liberty, of White Plains, N.Y., hired four traders to launch a cash equities desk. James Fay, Donald Dillon and Bryan Fay joined from Merrill Lynch. Terrence Fay came from Prudential Equities. James Fay spent 17 years at Merrill, most recently co-heading the cash desk. Dillon spent ten years at Merrill trading both listed and Nasdaq technology stocks. Bryan Fay also spent a decade at Merrill as a sales trader. Terrence Fay was a sales trader at Prudential. Tullett Liberty is a subsidiary of U.K.-based broker dealer Collins Stewart.