People On The Move
Traders Magazine, September 2008
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Thomas Wittman became president of Nasdaq OMX PHLX, the former Philadelphia Stock Exchange. The appointment came as Nasdaq completed its acquisition of the Philly. Wittman was previously the PHLX's senior vice president responsible for managing the development of software and services. He was responsible for leading a team in transitioning the PHLX's options business from an open outcry, floor based specialist system to an electronic/hybrid system. Wittman will be based in Philadelphia and report to Adam Nunes, who became Nasdaq's head of U.S. options with the closing. Wittman takes over from Sandy Frucher, who ran the Philly since 1998. Frucher is now a vice chairman of the Nasdaq OMX Group, reporting to chief executive Bob Greifeld.
Xiang Li joined Rosenblatt Securities as a vice president in its transaction-cost-analysis group. Li works on improvements to the firm's models that allow clients to directly access and manipulate pre-trade and post-trade data. Before coming to Rosenblatt, Li was CFO of Tidetime Group, a Hong Kong-based design and manufacturing company. Li reports to Scott Burrill, a partner who heads the firm's TCA efforts.
Matthew Andresen and Timothy Brennan became board members of the International Securities Exchange. The two will act as representatives of ISE's primary market makers and competitive market makers, respectively. Andresen has been co-head of Citadel Derivatives Group and president of Citadel Execution Services since June 2004. Andresen also serves on the board of Direct Edge ECN. Brennan is a managing director with Merrill Lynch responsible for listed options and automated market-making business development.
The International Securities Exchange promoted Boris Ilyevsky to an officer position. As a managing director of the options exchange, Ilyevsky will oversee its growth and development. Ilyevsky has been with the ISE since 1999 and has held several positions in marketing, technology and market operations.
Bradley Duke joined Knight Capital Group as a managing director to head the firm's institutional electronic sales effort in Europe. Duke, who spent his previous eight years in electronic trading sales at Jefferies & Co., comes to fill a newly created position for Knight Capital Group in London.
Mary Freeman joined OMS provider Mixit as an account manager. Freeman, an 11-year veteran, was previously with BNY ConvergEx, where she worked as a relationship manager and on the electronic trading desk. She reports to Antonio Panos.
LaBranche Financial Services recently bulked up its cash equities staff. The new employees report to Michael O'Hare, senior managing director and head of equity trading and sales.
The following nine senior sales traders have joined LaBranche as managing directors: Tom Jennings, a 20-plus-year veteran, from Lehman Brothers; veteran Amira Bixby from Bear Stearns; Stuart Sharoff, also a Bear Stearns alum; Jacqueline Britt, with more than 15 years of experience, from Merrill Lynch; Jack Fernandez, a 15-year-plus veteran, from Merrill Lynch; Chuck Vernau, with more than a decade of experience, from JPMorgan; Dante Ferrarie, a longtime sales trading veteran from Merrill Lynch; Vanessa Jagenburg, a former Lehman Brothers veteran; and Wally McDonough, a veteran of more than 10 years, who joins LaBranche's Boston office from Prudential Securities.
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