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October 14, 2009

People On The Move

By Editorial Staff

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Ken Savio joined Guggenheim Capital Markets to build an equities sales and trading business. The veteran Savio was the global co-head of trading and sales trading at Bear Stearns when the firm faltered and was acquired by JPMorgan Chase last year. Savio spent a year at BTIG before rejoining his old boss Alan Schwartz, the former CEO at Bear Stearns, who was hired in June to transform Guggenheim into a full-blown investment bank.

Guggenheim Capital Markets is the brokerage arm of Guggenheim Partners, a money management firm associated with the family that operates the Guggenheim museums. The brokerage arm currently has a fixed-income business, but little in the way of equities. Savio spent 20 years at Bear Stearns in a variety of leadership positions. During the 1990s, he ran Bear's convertibles group. Between 2000 and 2005, he was head of U.S. trading and sales trading. In 2005, he assumed responsibility for Bear's global trading effort. At BTIG, Savio helped to build out the firm's fixed income effort.

Reginald "Reggie" Weaver joined Gardner Rich & Co. in Chicago as head of sales trading. Weaver, a 17-year veteran of the buyside, was previously with William Blair & Co., where he spent eight years as a senior equity trader. He oversees three sales traders/traders on the desk. He reports to president Curtis Spears. The firm's principal is Chris Gardner, whose life story was the subject of the film, "The Pursuit of Happyness." He was played by actor Will Smith.

Gardner was also the subject of a March 2003 story in Traders Magazine.

Morgan Stanley hired top electronic trading executive Richard Evans away from Citi to oversee its European trading strategy. Evans, based in London, was previously global head of Citi's electronic execution business. At Citi, he oversaw the development and distribution of such services as direct market access, agency program trading, market data monetization, the smart order-routing technology owned by Citi subsidiary Lava Trading, transaction-cost analysis and Citi's OpenPort.



Jefferies International Limited, the London-based subsidiary of investment bank Jefferies Group Inc. hired five pros in equity sales, trading and research.

Bernal Vargas leads U.S. equity sales in Europe. Previously, he worked in London at Merrill Lynch as a director in its U.S. equities division and deputy head of international Americas distribution.

Cameron Kissel joins as a senior vice president of U.S. equity sales in Europe. Before Jefferies, he was a portfolio manager of the North American multi-strategy fund at Henderson Global Investors.

Owen Jacob is a senior vice president and European cash equities trader. Jacob was previously a European equity trader and division director at Macquarie Capital.

James Grzinic joins as a senior vice president and head of European retail equity research. Previously, Grzinic was at Dresdner Kleinwort, where he was head of integrated food and non-food retail equity research.

Charlotte Andrews started as a vice president and marketing analyst covering the consumer and retail sector. Before Jefferies, she was at Dresdner Kleinwort, where she was a retail marketing analyst.