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December 5, 2008

People On The Move

By Editorial Staff

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Rohit D'Souza joined Citadel Investment Group to lead and expand its capital markets business. D'Souza was most recently with Merrill Lynch, where he was global head of equities and alternative investmenACts. He was responsible for all trading and sales trading activities for cash equities, equity-linked products, strategic trading and all of the global equity financing and services businesses. Citadel's capital markets business includes Citadel Solutions, a leading hedge fund administration business launched in 2007.

Under D'Souza, the capital markets business will serve and partner with a broad spectrum of institutions such as asset managers, banks, hedge funds and technology providers.

Instinet appointed Jonathan Kellner as president of its U.S. brokerage subsidiary. Kellner was previously Instinet's head of U.S. sales trading. He joined the firm in 2007 when the U.S. equity trading desk of Nomura Securities International, a unit of Instinet's corporate parent, Nomura Holdings, was integrated into Instinet's U.S. operations. Kellner held a variety of positions at NSI after joining in 2003, most recently as managing director responsible for U.S. equity and global portfolio sales and trading. Before Nomura, Kellner held senior trading and technology positions at Charles Schwab & Co., Investment Technology Group and Morgan Stanley. Kellner replaces Mike Plunkett, who left Instinet to pursue other personal and professional interests.

Jim Beattie joined CIBC World Markets in Toronto to run institutional equity trading. Beattie, a 20-year veteran, previously held a similar position at RBC Capital Markets. He is also a past chairman of the Canadian Security Traders Association. Beattie reports to Rik Parkhill, CIBC's head of cash equities.

Bill Vance joined Imperial Capital in New York as a trader. Vance previously spent 22 years at Prudential Equity Group, where he was a managing director and ran Nasdaq trading since 2001. He is a past president of the Security Traders Association of New York and a current STA governor.

Fidessa LatentZero appointed Ian Cox director of global client services, a newly created position. Cox is responsible for Fidessa LatentZero client management and professional services. He reports to Richard Jones, the firm's founder and chief executive. Cox is based in London. Previously, Cox ran account management at parent company Fidessa, which acquired LatentZero in April 2007. He has been with Fidessa for 12 years in both Europe and North America.

Eric Niederreither joined Miller Tabak Roberts Securities in its equity and equity-linked institutional sales and trading division. He will work as an OTC/post-reorganization stock sales trader. Niederreither previously worked at GFI Group.

Sarah Heffron, an executive director of electronic client solutions at JPMorgan, was named a director to the board of the National Stock Exchange. She was also appointed to the board of NSX Holdings, the exchange's parent company. At JPMorgan, Heffron is responsible for electronic trading product development for exchange-based products. She focuses on prime brokerage and hedge fund distribution. Heffron replaces Aldo Parcesepe, previously of Bear Stearns & Co., who recently retired from NSX's boards.

Cabrera Capital Markets hired buyside trading veteran Larry Peruzzi to revamp its international trading. Peruzzi, who spent the last five years heading the international desk at the Boston Co., opened a Boston office for the Chicago-based firm. Peruzzi is also an officer of the Boston Security Traders Association.