Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

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In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?

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May 1, 2011

On the Move

By Staff Reports

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  • On the Move

Scott Harrison joins Liquidnet as global head of product and will be responsible for overseeing and expanding the company's product offerings. Based in New York, he will report directly to Liquidnet chief executive and founder Seth Merrin. Prior to joining Liquidnet, Harrison was the chief executive of agency brokerage UNX. He also spent more than 13 years working at ITG. There, he held senior management positions in sales and technology, including heading the global expansion of its electronic trading services.



Brian Fagen joins Deutsche Bank as head of North American execution services sales. Fagen is a managing director. He has more than 23 years of experience in the financial markets building sales teams and managing relationships across all global equities products. He was most recently at Barclay Capital, where over the last two and a half years he was head of global equities electronic trading distribution and co-head of Americas liquid market sales. Fagen began his 19-year career at Morgan Stanley in 1987, where he started as a derivatives sales trader in the firm's San Francisco office and rose through the ranks to become head of derivatives sales. He eventually became head of electronic trading and program trading sales. Fagen reports to reports to Derek Capanna, head of the institutional client group, equity, in the Americas, and Andre Crawford-Brunt, head of equity trading in the Americas.

Keith Gertsen was promoted to head Citi's unified hedge fund sales effort in North America. Gertsen, a 20-year-plus veteran, now oversees sales for both Prime Services and Securities and Fund Services (SFS). He leads Citi's efforts to unify its hedge fund sales offering, which includes services in fund administration, accounting, middle office, outsourcing, technology and payroll.
Gertsen oversees sales in the Americas for prime brokerage, Delta One, securities lending, capital introduction and clearing, as well as the SFS sales team. He reports to Patrick Curtin in GTS, Alan Pace in Prime Finance and Jim O'Donnell from an investor-client perspective. Gertsen joined Citi in April 2010 as a senior relationship manager in the firm's global markets business. He has both buyside and sellside experience, and prior to joining Citi was global head of trading at both Viking Global Investors and AllianceBernstein.

Jeanne Austin joins Cabrera Capital Markets as a vice president and sales trader on the international desk in Boston. Austin, who has more than 20 years' experience, was previously with Susquehanna Group. At Cabrera she trades the Asian markets. She reports to Larry Peruzzi, who heads international trading.




Boutique investment bank B. Riley & Co. hired three sales traders who will work in the company's headquarters in Los Angeles. The new senior sales traders are Rick Waks, Joe Bergin and Rob Canavan.