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March 7, 2008

On The Move

By Editorial Staff

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  • On The Move

Fordham University named the Great Hall in its former library after longtime trading executive John Tognino and his wife, Norma. The Togninos donated $3.5 million to the Bronx, N.Y. school, and the university renamed the historic hall after them-Tognino Hall.

"John and Norma Tognino's long-standing service and generosity to Fordham have been nothing short of remarkable," said Joseph M. McShane, S.J., president of Fordham University. John Tognino has served as chairman of Fordham's board of directors and executive committee since 2004. A scholarship also bears the family's name, as does a separate endowment for special-needs students.

Tognino spent 36 years at Merrill Lynch, where he held a number of senior positions in equities both in the U.S. and abroad. After retiring from Merrill in 1993, Tognino tookpositions at Nasdaq, heading global sales and member relations, as well asat Charles Schwab & Co., where he was an executive in capital markets. During his career, Tognino had been active in the Security Traders Association, serving as chairman and later president and CEO.


Shane Swanson was appointed as an at-large director to the board of the National Stock Exchange and its parent, NSX Holdings. Swanson, a managing director in Citi's equities division, replaces Matthew Newton, also from Citi, who is stepping down from both NSX boards. Swanson was director of compliance at Automated Trading Desk (ATD) before Citi purchased the wholesaler.

At ATD, he was also responsible for implementing trading rules into its systems and was involved in business development. Swanson, a lawyer, is co-chair of the Securities Traders Association's compliance committee.


Michael Mangiafico joined Credit Suisse as a salesman for the firm's AES group. Mangiafico, previously a salesman at OMS vendor LatentZero, reports to Rupert Fennelly, who oversees AES sales in the Northeast.


Bill "OG" Moyer, who started on the buyside at Niagara Share Corp. in 1968, retired from ITG on January 31 as the firm's Boston branch manager. Moyer, who had been with ITG since 1989, had been a managing director, sales and trading. Previously, he worked at Merrill Lynch and Dean Witter. Moyer plans to spend time in Bonita Springs, Fla., but is also considering keeping a hand in the trading business on a part-time basis.


Mark Forziati retired in January from Tudor Investments in Boston. Forziati, who joined Tudor in 1993 from Dewey Square Investments, was a managing director and head of trading at the firm. He started at Goldman Sachs as an over-the-counter trader in 1981. Forziati joked about his retirement, saying it was "time to stop and smell the cappuccino."


NYSE Euronext hired two trading veterans to act as liaisons between the New York Stock Exchange and its floor-trader community.

The firm hired Todd Abrahall, formerly president of Susquehanna International Group's NYSE specialist operations, as vice president, specialist liaison, and Michael Rutigliano, formerly a managing director with independent agency brokerage WJB Capital Group, as vice president, broker liaison. Abrahall will also lead the discussion with regulators concerning transforming the NYSE market model into one featuring more value-added participation by specialists. Rutigliano will also lead efforts by the NYSE to bring greater opportunities for the agency community of the NYSE trading floor to demonstrate their continuing value to customers. Both executives will report to Lou Pastina, executive vice president, NYSE operations.


Greg Cavallo retired last month from LaBranche Institutional