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January 1, 2005

Fast Track

By Editorial Staff

*Nine former Schwab Soundview Capital Markets pros, including five senior institutional sales pros, joined Jefferies. Three of the five equity research salespeople will work out of Denver. They are Jeffrey Andringa, Gregory Bjork, and Jeremy Huth. Richard Bradt will work from New York, and Gregory Weissman joins the Boston office.

*Anthony Conroy, former head trader and managing director at Merrill Lynch Investment Management, has a new trading home. He joined BNY Brokerage as head of trading, managing director, overseeing sales trading for institutional trading services. Conroy has traded for 23 years, including a spell as co-head of trading for Soros Fund Management.

*Nichole Ake was promoted to vice president at Penson Financial Services in Dallas. The firm specializes in execution, clearing, settlement and custody. Ake is on the board of the Dallas Security Traders Association.

*Tom DeFazio joined G-Trade, a division of Bank of New York, as a sales and relationship professional. He will be based in New York City. DeFazio has experience in foreign equity trading as a former sales trader with Natexis Bleichroeder and Sky Capital. He will market the G-Trade system for direct foreign market access and ADR conversions.

*Peter (Pete) Higgins has joined agency brokerage firm Pulse Trading as head of trading in Boston. Higgins has some ten years trading and money management experience, starting in New York at Bear, Stearns & Co. and later in Boston at Thomas Weisel Partners, Moore Capital Management, and SoundView Technology Group.

*Nasdaq appointed William O'Brien, the COO of Brut, as senior vice president of Nasdaq Market Data Distribution within the Nasdaq data products division. O'Brien is responsible for the creation and dissemination of valuable information from the quoting and trading of Nasdaq securities. He reports to Adena Friedman, executive vice president of corporate strategy and data products.

*Pacific Crest Securities, an independent investment bank, hired a slew of former Schwab Soundview Capital Markets executives: Chris Whitstock, Owen O'Neil, Bill Durkin and Brett Batchelder, who will join the Boston and Stamford, Conn. offices. Whitstock will lead European sales out of Stamford. O'Neil will direct the Boston institutional equity sales team. Batchelder and Durkin will also join the Boston office.

*Paul Wichman joined Pershing as a managing director. He is responsible for new business development within Pershing Investment Manager Services, working directly with group senior executive, John Iachello. Previously, Wichman was a senior division sales manager at Charles Schwab Institutional in San Francisco. Pershing is part of BNY Securities Group.

*Sabrina Gagliotta was hired by Themis Trading as an institutional trader. Gagliotta was formerly an institutional trader at Schwab Soundview Capital Markets. Themis Trading is a New Jersey-based institutional agency broker of OTC and listed equities.

*Robert Iati was named managing director of Tabb Group, the financial markets advisory firm. He will lead the firm's expanded global efforts in capital markets technology. He joins from TowerGroup, where he served as research director of its securities and capital markets practice.