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July 1, 2008

People On The Move

By Editorial Staff

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  • People On The Move

Canadian exchange provider TSX Group named Thomas A. Kloet as chief executive officer. Kloet joins the TSX from Newedge USA (formerly Fimat USA), where he spent five years as a senior vice president and chief operating officer. Kloet, who has extensive experience in derivatives and global markets, was CEO of the Singapore Exchange before joining Fimat. He also takes a seat this month on TSX's board.


Joseph Valenza joined Philadelphia broker-dealer Drexel Hamilton as head of sales and trading. He was most recently at Lehman Brothers as a senior vice president in broker-dealer services. Valenza has 30 years of experience in the securities industry, across a range of businesses and functions and has served on numerous industry and exchange committees. Valenza is also a member of the Security Traders Association's Options Committee.


Linedata's Gavin Little-Gill has been promoted. He will now serve as executive vice president in charge of front-office solutions for the North America region for Linedata, which offers OMS and compliance services. Linedata says it is doubling its client support teams for LyNX, ASP operations and PSG implementations. Little-Gill, as senior vice president, had been overseeing product management and strategy for front-office products, but will now supervise all client service activities. The former TowerGroup consultant joined Linedata in June 2007.


Thomas Weisel Partners Group hired two traders. Jon Fredericks joined as a managing director on the Canadian trading desk, based in Toronto. Chris Richards joined as a managing director on the New York trading desk. Fredericks has over nine years of experience in the securities industry. He most recently worked at Merrill Lynch trading Canadian energy stocks. Fredericks will be responsible for building out Weisel's trading franchise in the energy sector. Richards has more than 10 years of experience as a senior block trader. He was formerly with Banc of America Securities. At Weisel, he will trade U.S. financial and industrial stocks.


Stephen Yamane joined Piper Jaffray & Co.'s equity sales and trading team in Boston as a sales trader at the managing director level. Yamane has more than 20 years experience. He joins Piper from Cowen and Co., where he was a managing director in equity sales and trading. Prior to that, Yamane was in a similar role at Kidder Peabody and Paine Webber. At Piper, Yamane reports to Jim Fehrenbach, head of equity sales and trading.


Mark Dehnert joined the board of directors of the International Securities Exchange as a representative of ISE's electronic access members. Dehnert replaces Randy Frederick, who previously represented ISE's electronic access members, and will serve for his remaining one-year term. Dehnert runs Goldman Sachs' quantitative equities trading businesses. Prior to Goldman Sachs, he joined the Hull Group, now part of Goldman Sachs, as a financial engineer in 1992. He is based in Chicago.


Mike Lamorte and Howard Schlacks joined the Chicago office of New York-based Lek Securities as sales traders covering broker-dealers. Lamorte, a 30-year veteran, was previously with Equitek Partners. Schlacks spent 15 years at Dougall & Associates. Both report to John Joyce.