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April 1, 2010

People On The Move

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  • People On The Move

Mary McDermott-Holland, an industry veteran and former chairman of the Security Traders Association, joined Nasdaq OMX Group as vice president of Transaction Services on April 6. McDermott-Holland, a 28-year veteran, will manage the institutional investor relationships of the U.S. Transaction Services business acting as the liaison to the Institutional Traders Advisory Council as well as representing Nasdaq OMX at industry conferences and events. She reports to Eric Noll, executive vice president at Nasdaq OMX.She previously worked at Mellon Capital Management, where she served as director and trading manager. Prior to that, she was senior vice president at Franklin Portfolio Associates for 26 years before it merged with Mellon Capital Management in January 2009. During her career, she has been active on numerous committees within the industry, besides the STA.

 


Brian Fagen has been promoted to head of global equities electronic trading distribution at Barclays Capital, the investment banking arm of U.K. bank Barclays. Fagen, who was previously co-head of Americas liquid market sales at BarCap, had his responsibilities redefined following the departure of Frank Troise, the firm's former head of equities electronic trading products. Troise was appointed to lead J.P. Morgan's Electronic Client Solutions division for equities at the beginning of the year. Both Troise and Fagen worked at Lehman Brothers when the bank collapsed in Sept. 2008 and were subsequently kept on at BarCap after it bought Lehman North America.

 


 

Tony Lauto, a 30-year-plus veteran of Goldman Sachs' equity trading department, joined Morgan Stanley as a managing director. According to Morgan Stanley, Lauto will partner with the firm's trading and distribution professionals to expand client relationships. Lauto will also work closely with management as a member of the equity operating committee to help guide strategy and mentor the firm's next generation of leaders.

At Goldman, Lauto held various leadership positions within the equities trading group. He stepped down as co-head of U.S. equities trading in 2007 to become an adviser to the firm.

 


 

BTIG launched a U.S. convertible securities business and hired six sales and trading pros. Robert Langer, previously a partner at hedge fund Stanfield Capital Group, runs the desk. Langer started his career on the convertibles desk at Salomon Brothers in 1992. Three traders join him. Bill Feingold came from Hillside Advisors, a Westchester, N.Y.-based convertible advisory firm he founded in 2009. Prior to Hillside, he traded convertible bonds at Goldman Sachs. Chris Roller joins BTIG as a sales trader. He was at Goldman Sachs. Greg Sullivan also joins BTIG as a sales trader. Sullivan was previously with Argent Financial Group in Dubai, where he was a managing director and head of Middle East and North African brokerage.

 


 

Strategas Research Partners has received FINRA approval for a broker-dealer license and launched an equity trading desk. The brokerage arm is called Strategas Securities and it began executing trades last month. It hired two senior sales traders, John Ghize from Lazard and Tim Hughes from Arnold & S. Bleichroeder, to lead the effort. Ghize heads the firm's trading desk. Since its inception in 2006, Strategas has grown to 28 people and has offices in New York, Washington and Geneva, Switzerland.