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August 1, 2010

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C. Thomas Richardson joins Wells Fargo Securities as a managing director and head of market structure and strategy. Richardson has spent most of his Wall Street career at Citi, where he held a number of positions in equity trading during 13 years there, from being a trader, to running the desk, to heading new business development and strategy. He advised on a number of Citi’s acquisitions, including that of Lava. Prior to joining Wells Fargo, Richardson was head of global transaction services at NYFIX, where he ran its global brokerage operation, including its dark pools in the U.S. (Millennium) and Europe (EuroMillennium). Before NYFIX, he held several roles at the Boston Stock Exchange, including strategy.

Richardson has served on numerous boards and committees during his 17-year career in securities.

Gene Choe has been named to head of U.S. sales at Credit Suisse for AES, its electronic trading platform. Choe, who joined Credit Suisse in 2004, now oversees all domestic sales for equities, options and futures within AES. His responsibility also includes heading sales for CrossFinder, the firm’s successful crossing network. Choe, a former SEC attorney, co-founded MarketXT, an ECN that specialized in after-hours trading during the dot-com era. MarketXT, which was backed by several big brokerage houses--including Salomon Brothers, Morgan Stanley, Herzog Heine Geduld and Madoff Investments, was sold in 2000 to Tradescape, a direct-market-access broker composed of day traders.

At Credit Suisse, Choe will continue to report to Manny Santayana, the firm's global head of AES sales.

Pipeline Financial Group's New York office added two pros to its sales team. Jim Fiesel joined Pipeline's New York office as its head of global sales. A 25-year veteran, Fiesel arrived from Tradeweb, where he managed its global equities business. Kevin Morrison also joined Pipeline's sales management team. Morrison, a 19-year veteran, is director of U.S. sales. He reports to Fiesel. Previously, Morrison worked for Piper Jaffray as head of electronic trading sales.

Debbie Mittelman joins UBS as global head of its direct execution product group, reporting to Charles Susi. There, she'll oversee the department's global strategy for trading products and supervise all direct execution product managers. A 25-year veteran, Mittelman previously worked at Lime Brokerage. She was a director of product for U.S. equities there, specializing in automated and high-volume electronic trading strategies. Mittelman will work from UBS's offices in Stamford, Conn., and New York.

Todd Graber is now chief financial officer at Pink OTC Markets, the interdealer electronic quotation and trading system in the over-the-counter securities market. Graber was CFO for the previous five years at Quadriserv, which operates a securities lending market.

James Ross, a senior managing director in State Street Global Advisors' exchange-traded funds business, was chosen to chair the Investment Company Institute's ETF Committee. There, Ross will provide the committee and ICI members with legal, research, governmental affairs, communications and operations support. He succeeds previous ETF committee chairman Bruce Bond, chairman and founder of Invesco PowerShares.