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Brijesh Malkan
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July 6, 2009

People On The Move

By Editorial Staff

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  • People On The Move

Patrick Whalen joined AllianceBernstein as global head of trading. The career sellsider comes to the buyside with an equities and derivatives background that dates back to 1985. "Our goal will be to further integrate the flow of information into the investment process in order to enhance the overall returns for our clients," Whalen said in a recent press release.

The position opened earlier this year when the previous global head of trading, Keith Gertsen, took a similar position at Viking Global in Greenwich, Conn. Whalen was featured in Traders Magazine's November 2004 cover story, shortly after joining Lehman Brothers as global head of equity trading. The story outlined Lehman's push to raise its profile in equity trading by offering more services beyond high-touch trading. During his five years at Lehman, he oversaw the restructuring of the firm's trading operations.

Earlier in his career, Whalen spent 12 years at Morgan Stanley, where he oversaw a number of products. After heading European derivatives, he was then tapped to head the global derivatives business in 1997. Five years later, Whalen became the head of U.S. cash equities.


Owain Self became UBS's head of algorithmic trading for the Americas, as well as emerging markets, Europe and Asia. UBS created the position to use its expertise, innovations and technologies to enhance its cross-regional coverage. As part of his various responsibilities within UBS's European trading group, Self worked as the EMEA head of algorithmic trading for the last four years. During that time, he developed strategies. Self will work in UBS's Stamford office and run the cross-regional group from the U.S.


Jonathan Schlossberg joined Lime Brokerage as a director to lead the development of its options business. Schlossberg, an 11-year industry veteran, came from Banc of America Securities. During his three years there, he worked on a number of initiatives, including the development of a trading engine for options specialists.


 Peter Cairney joined Lazard Capital Markets in New York as a director and senior sales trader. Cairney, a 16-year veteran, previously spent 10 years at Pacific Crest Securities in Portland, Ore. He reports to Scott McLaughlin, who heads sales and trading at Lazard.


Mike Horan has joined Lek Securities in Chicago to cover sellside accounts. Horan, a 29-year veteran, previously operated his own $2-brokerage firm on the Philadelphia Stock Exchange, where he spent 20 years. He reports to John Joyce, who manages the upstairs trading operation.


Antonio Toirac joined Cabrera Capital Markets' international desk in Boston. Toirac, a 12-year veteran who spent his previous seven years in trading at Wellington Management, trades European stocks live hours. He reports to Larry Peruzzi, who oversees Cabrera's international effort and its Boston office.


Kirsten Fitzgibbons joined Fidelity Capital Markets as an international sales trader in Boston. Fitzgibbons, a 14-year veteran, previously traded Asian stocks at Liberty Square Asset Management for nearly four years. Prior to that, she spent 10 years at the Boston Co., where she managed international trading.


Cindy Pelton joined Esposito Securities' Dallas office as an institutional trader. Pelton, with nearly 20 years experience, came from NexBank Securities. She was previously with Lehman Brothers, where she spent 10 years.