Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

Traders Poll

Amid changes in builder, do you think the CAT project will be completed by 2020?

Free Site Registration

July 1, 2010

People On The Move

By Editorial Staff

Also in this article

Dave Memmott joins International Strategy & Investment Group as a senior managing director and head of trading. Memmott, a 25-year veteran, previously spent 14 years with Morgan Stanley, where he held various roles in equity trading, including head of North American trading, head of the block desk and co-head of Nasdaq trading. Before joining Morgan, Memmott was a trader with Credit Suisse and Dillon, Read & Co. He oversees a desk of 21 traders and sales traders.




Andy Peer joins Instinet's New York office as an executive director on the sales and trading desk. Peer, a 19-year veteran, spent the last 15 years at ITG. Prior to that, he was with the equity trading division at Lehman Brothers. Peer reports to Mark Turner, head of North America sales trading.




Needham & Co. hired three traders from GFI Group to establish an equity options sales and trading desk. The trio included Brett Marcus, previously head of trading for the CS Capital division of GFI; Sam Frankfort, who co-launched the CS Capital desk; and Marc Menachem, a derivatives sales trader at GFI.




Paul Sangimino is expected to join Nomura Securities International next month as co-head of U.S. cash sales and will oversee sales trading. A Lehman Brothers veteran from 1995 until 2008, he joins from Citi, where he headed U.S. equity trading. He is expected to serve as co-head with Pascal Bandelier, who oversees risk. Both report to Ciaran O'Kelly, who heads U.S. equities for the Americas.




Evercore Partners has brought on two trading executives to support its institutional equities operation, launched last month. Douglas DePietro is a managing director in charge of sales trading and trading execution. Scott Smith is a director in the group. Until March 2009, DePietro was a director in the U.S. equities division at Citigroup, where he served for 16 years. He was a position trader focusing primarily on the technology, media and entertainment sectors. Smith was a sales trader at DeMatteo Monness. Before that, he spent three years at Leerink Swann as a sales trader and four years at Morgan Stanley as a position trader.




Peter Battaglia joins the Vertical Group as an equities sales trader concentrating on Pink Sheets and Canadian orders. The 25-year professional was at Sterne Agee for three years as a sales trader and, prior to that, trading manager for broker-dealers at Tradition Asiel Securities. He reports to Mark Duncan.




Steve Panning joins KeyBanc Capital Markets as a sales trader in Chicago. Panning, a 15-year veteran, was previously with Banc America Securities/Merrill Lynch. He has been both a trader and sales trader in his career. Panning reports to Kevin Kruszenski, the firm's director of equity trading.




Cheryl Gilberg joins Goldman Sachs as head of marketing for the firm's securities division. The 20-year marketing veteran comes from Fox River Execution, where she was in charge of corporate communications and marketing for the past year. Prior to that, she was at Morgan Stanley and Citigroup.