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October 14, 2008

People On The Move

By Editorial Staff

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David Leone has joined Linedata Services in Boston as senior vice president of sales and client relations for North America. Leone, a veteran of more than 20 years in the institutional-equity marketplace, will be responsible for overseeing the sales and market growth of Linedata's newly formed North American division, headed by managing director Annie Morris.   Since 1989, Leone has worked for Thomson Financial's AutEx division, and subsequently worked and consulted with a number of technology startups, including Javelin Technologies, HarborsidePlus, Liquidnet, BTRadianz and NYFIX. Leone will be based at the company's headquarters in Boston.

Ken Savio joined agency brokerage BTIG LLC as a senior managing director and co-head of global equities. Savio joins BTIG after a distinguished 20-plus-year career at Bear Stearns, where he served as senior managing director and co-head of global trading and sales trading prior to the investment bank's sale to JPMorgan. He is expected to bring buyside relationships and extensive risk management experience to BTIG. Savio will work alongside current co-heads of equities Richard Blank and James Aniello. He will report to managing partners Steve Starker and Scott Kovalik.

Peter Driscoll, senior equity trader at Northern Trust Company in Chicago, was elected as 2009 chairman of the Security Traders Association. Driscoll, who has been serving as STA vice chairman and co-chairman of the group's Floor Trading Issues Committee, has more than 30 years in the trading business. He worked the floor of the Chicago Stock Exchange from 1975 through 2000, serving the last 10 as president of Driscoll Floor Trading Group. "Trading has been in his blood. He took over the family firm and quickly took it to the next level," says Van Hutcherson, Chicago branch office manager for Jones Trading. He praised Driscoll's trading rules knowledge: "He understands both the practitioner's and the academic's point of view."

BNY ConvergEx took in three former traders from Bear Stearns for its cash equities business. Sean Wagner joined as a senior vice president, portfolio trading. At Bear, he was a managing director in the portfolio trading group, trading U.S. stocks. Before that he was an international trader for the portfolio trading group. David Lenahan joined as a senior vice president, equity trading. At Bear, he was a managing director in the portfolio trading group. Jeffrey O'Brien joined as a senior vice president, transition management sales. At Bear, he was a managing director in transition management. BNY also added staff to its options trading group, hiring Michael Omilinsky as a vice president. Omilinsky was previously an options sales trader at Lek Securities.

Buyside post-trade technology vendor ESP Technologies Corp. elected David Conner from JPMorgan Securities to its board of directors. He brings broad knowledge of the electronic trading marketplace to ESP's board. Conner is head of JPMorgan's Electronic Client Solutions distribution for the Americas, where he is responsible for sales, customer set-up and service for the firm's low-touch direct-market-access and algorithmic products, including Neovest and AlgoGenetics. Prior to JPMorgan, Dave spent six years with Lehman Brothers and 13 years at PaineWebber.

Brett Redfearn has been named global head of liquidity within the electronic client solutions group at JPMorgan Chase & Co. He was previously a senior managing director in charge of market structure strategy at Bear Stearns.