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February 1, 2012

On The Move

By Editorial Staff

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>> The Security Traders Association began 2012 with its new board of governors. STA officers for 2012 are Chairman: Jennifer Green Setzenfand, Federated Investors Inc.; Pittsburgh; Vice Chairman: Tom Carter, JonesTrading, Westlake Village, Calif.; Treasurer: John Daley, Stifel Nicolaus & Co., Dallas; Secretary: Rory O'Kane, Knight Capital Group, Chicago; Past Chairman: Joseph N. Cangemi, ConvergEx, New York.

Newly appointed to the board are James A. Brigagliano, Sidley Austin, LLP, Washington, D.C.; S. Peter Stark, Raymond James Financial, St. Petersburg, Fla.; and Brad Wilson, Mizuho Securities USA, New York. The appointees were named by Setzenfand. Five governors were elected in October at STA's annual business meeting. They are Geff Gioia, Longbow Research, Independence, Ohio; Patty Kevin-Schuler, Boston Options Exchange, Chicago; Jon Schneider, BATS Global Markets, Lenexa, Kansas; Fred Mason, JP Morgan Asset Management, New York; and Alan Marshall, Luther King Capital Management, Dallas. Holdovers from the previous board include Peggy Bowie, Manulife Asset Management, Toronto, Charles Padala, New York; and John Russell, Franklin Advisers, San Mateo, Calif.

>> Peter Forlenza joins UBS to head U.S. equities trading. Forlenza, a 22-year professional, spent the last two years as the head of equities for MF Global Holdings before its collapse. At UBS, he's charged with regional management and development of the bank's equities business as well as growing the division's growth strategy. He is also a member of the bank's equities management committee.

Prior to MF Global, he was chief executive at global hedge fund Outpost Investment Group. He has also done stints at Banc of America as head of equities and was a managing director at Citi. He will be based in New York and report to Mike Stewart, global head of equities.

>>Robert Meier has joined privately-owned investment bank Dahlman Rose & Co. as head of equity sales and trading. He reports to Kim Fennebresque, chairman and chief executive of the firm. A 15-year industry veteran, Meier most recently spent three years at Gleacher & Co., where he was head of equities. Prior to that, he was co-head of equities and head of sales for Cowen & Co. He started his career as an attorney providing legal advice on corporate transactions.

>>Stuart Tolander joins S&P Capital IQ as a vice president in sales. Tolander, a 24-year veteran, was previously with trade analytics provider QSG, where he was head of sales, spending six years. At Capital IQ he will be marketing data to institutional money managers, including quants. Tolander began his career on the buyside, trading six years at Principal Financial Group in Des Moines. He also worked as a sales trader at both Cantor Fitzgerald and McDonald & Co. before moving to early electronic trading venues OptiMark and Harborside. Tolander reports to Carolyn Bancroft, a managing director for the Americas in sales and client services.

>>Kevin Malloy joins institutional brokerage Transcend Capital as global director of business development in institutional sales and trading. Malloy, a 16-year veteran, is working with chief executive Vernon "Butch" Jones to build out the firm's institutional trading business. The firm offers electronic and voice execution services, as well as direct market access, algos and routing. Malloy reports to Jones.