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BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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September 10, 2007

On The Move

By Editorial Staff

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Bart Green, manager of Nasdaq/OTC agency trading at A.G.Edwards, will be elected chairman of the Security Traders Association (STA) at its annual meeting in October. The chairman's one-year-term officially begins in January. Green has been serving as STA vice chairman and co-chairman of its Trading Issues Committee.

"Bart has been an integral part of the STA for many years and gives us the perspective of the retail side," says John Giesea, STA president. He notes that Green takes over the chairmanship of the STA from Lisa Utasi, a buyside-trading executive with ClearBridge Advisors. Peter Driscoll, a buyside-trading executive with Northern Trust, is slated to become STA vice chairman.

Green received a BSBA from the University of Missouri-Columbia and an MBA from St. Louis University.

John Shaw III has moved from Jefferies & Co. to Societe Generale to work in its global program trading and electronic services group as managing director. In this role he'll continue the process begun two years ago of expanding the firm's U.S. presence. Previously, Shaw was managing director for the brokerage Jefferies. There, he helped build the firm's electronic trading business as its head of portfolio and electronic trading. He is based in New York.

Toronto-based investment dealer Perimeter Markets has opened its first international office in New York, and brought in Francis Corcoran to apply his management and business development experience as executive vice president there. He has been charged with managing Perimeter's U.S., European and Asian activities. Corcoran arrived with more than 20 years of financial and capital markets experience, most recently as the senior vice president of business development and equity order flow at the American Stock Exchange.

FBR Capital Markets recently promoted five members of its institutional sales trading group.

John Backus has been elevated to managing director, head of sales trading. He joined FBR in 2004 and now assumes his new position after more than 13 years in the industry. Backus has also worked the sales trading desk at Bank of America and Smith Barney. He will be based in New York, and will continue his role helping the sales trading group grow.

Jeff Ulehla is now FBR's managing director, equity trading. He joined the firm in 2004, after four years as director of institutional equity trading at Deutsche Bank.

FBR promoted John Akridge to senior vice president, head of Arlington sales trading. He brings 10 years of sales trading experience at FBR Capital Markets to the Arlington, Va., desk.

Patrick Duffy is now senior vice president, head of Boston sales trading. Duffy has more than 15 years of industry experience, and has been with the FBR sales trading team in Boston since 2000. He has also worked at UBS there, as well as at the Boston Stock Exchange.

Michael Weiss is now the senior vice president, head of San Francisco sales trading. He brings 14 years of industry experience to the role and joined FBR's sales trading group in 2004. Weiss has also been senior vice president in sales trading at both Credit Suisse and Deutsche Bank.