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December 1, 2010

People On the Move

By Staff Reports

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Canada's BMO Capital Markets announced its new U.S. equities trading management team. Formerly a sales trader at Merrill Lynch, Rick Joyce will run U.S. equity sales trading. Joyce heads a team of five sales traders, all based in New York. Will Bertsch, also from Merrill Lynch, will head U.S. equity facilitation trading. Sean MacKenzie, formerly in charge of U.S. electronic trading at RBC, will head U.S. equity electronic trading. All three executives are based in New York.

Brad Wilson joins Dahlman Rose & Co. as a director and sales trader. Wilson, a 19-year veteran, was previously a sales trader at Sanford C. Bernstein, where he spent eight years. He reports to president Ernest J. Dahlman III.

Peter Santoro joined Morgan Stanley as co-head of U.S. equities trading. Previously, he held similar jobs at Citadel Securities, for one and a half years until December 2009, and at Citigroup. At Morgan Stanley, Santoro will partner with Tony Lauto as co-head. Lauto joined the firm in February after a 35-year career at Goldman Sachs.

As part of the move, John Neary, current head of equity trading for the Americas, will become global head of portfolio products. Neary joined Morgan Stanley in 2006 from Goldman Sachs, where he ran portfolio trading.

Sales traders George Boyan and Beth Carlton join the Benchmark Company and have opened a desk in Bradenton, Fla. A 27-year veteran, Boyan spent the last 10 years at Raymond James. He covers East Coast accounts. Carlton spent the last 22 years at Raymond James. She covers accounts in the Midwest. Both report to Adam Gordon, the firm's chief executive officer.

Christopher J. Masi joins agency broker Abel/Noser as head of the firm's new international trading desk in New York. A 10-year veteran, Masi joins Abel from Natixis Bleichroeder, where he spent eight years in the global trading department. He began his career in international equities at Bank of America in 1998. He reports to Chris Corwin, executive vice president of trading.

Yemi Oshodi and Paul Boogaert join agency broker WallachBeth Capital's new merger arbitrage and event-driven trading desk. They join Alec Levine, a managing director who is overseeing the desk's expansion. Oshodi, a 17-year veteran, previously led the M&A desk at Tullett Prebon. Other stints included senior trading roles at Ramius Capital and Putnam Lovell NBF. Boogaert, a 10-year veteran, joins from Linkbrokers Derivatives Corp., an ICAP subsidiary in the U.K. He also worked as an arbitrage trader at Commerzbank Capital Markets. Both report to Michael Wallach and David Beth, the firm's senior principals.

Kevin Byrne joins Fidelity Capital Markets to run its transition management practice. Byrne has more than 12 years of experience in transition management, specifically in portfolio trading, transaction-cost analysis, and equity and fixed income derivatives. He most recently was head of the U.S. transition management group at ConvergEx Group and prior to that led J.P. Morgan's North America transition management business. Byrne will report to Mike Cashel, senior vice president and head of equity trading at Fidelity Capital Markets.