Momtchil Pojarliev
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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.

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January 2, 2012

On The Move

By Editorial Staff

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Mizuho Securities USA added four sales traders in New York. Ralph Basile and Vincent Sgherza both join as directors, and Noelle Pepe and Michael Moore both join as vice presidents. Basile, with more than 15 years' experience, joins from Lazard Capital. Sgherza, a 14-year veteran, was previously with Barclays. Prior to that, he was at Lehman Brothers, where he began his career. Pepe, an eight-year veteran, was previously with Hapoalim Securities, where she spent three years, after stints at Soleil Securities and Janney Montgomery. Moore, an 11-year veteran, was previously with Dahlman Rose & Co., where he spent more than two years. Moore started his career as a clerk at Farina & Associates on the floor of the Big Board. He has also worked on the buyside at both Amaranth Advisors and Goldman Sachs Asset Management. The new sales traders all report to Brad Wilson, who heads U.S. sales trading.

Brennan Carley joins Thomson Reuters as its global head of trading connectivity in New York. Carley, with more than 20 years in financial services technology, previously spent two years at Spread Networks as a senior vice president of product marketing. Earlier, he was chief product and strategy officer for Radianz, an extranet provider he co-founded in 2000. The firm was sold to British Telecom in 2005.

JonesTrading added two new hires - one in derivatives and another to run technology. CFA Jeff Micsky joins as a vice president in equity derivative sales. Micsky, a seven-year veteran, was previously with Credit Suisse, where he spent two years. At Jones, he will work with clients to develop and execute options strategies. He reports to Tom Steen, who heads global derivatives.Jack Garceau joins as chief technology officer. A 23-year financial technology veteran, Garceau joins from Fidessa, where he spent 13 years. He was most recently head of business development there. He reports to Packy Jones, the firm's chairman and chief executive.

Getco hires Chris Amorello as head of institutional sales. A 10-year veteran, Amorello was previously a managing director and head of sales in ITG's Boston office. He is charged with leading Getco's sales effort among financial institutions.

Peter Mulieri joins Fox River Execution as a managing director in sales. Mulieri, a 20- year financial market professional, will focus on expanding the firm's client base and electronic offerings. He comes from ITG, where he was a managing director and was responsible for the trading, sales, development and delivery of the company's trading technology products and services, such as order and execution management systems and algorithms. He reports to head of sales Drew Mader.

High-frequency trading firm Tradebot Systems named Eric Boles as its new chief executive and president, effective Jan. 1, 2012. Boles, a nine-year veteran, joined Kansas City, Mo.-based Tradebot in 2003 as a sales trader and has served as the firm's head of U.S. equities and its global head of trading. Boles reports to chairman of the board Dave Cummings.

Patrick D'Angelo joins Otkritie Capital, the U.S. subsidiary of Russian investment bank Otkritie Financial as director of equity sales trading. D'Angelo, a 20-year veteran, will lead the firm's effort to establish a trading desk and sales effort for North America. He comes from hedge fund Hyerdale Capital, where he was a portfolio manager and managing partner for the last five years.