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May 1, 2012

On The Move

By Editorial Staff

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>>Kurt Schliemann will join JPMorgan's electronic trading group in June to run its sales effort in San Francisco. Schliemann, who has spent his 11-year brokerage career with ITG, will join JPMorgan as a managing director. He was previously a managing director with ITG and ran its West Coast sales and trading effort since 2004. He oversaw six sales traders for ITG in San Francisco and was focused primarily on domestic equities.

>>Paul Powers joins Raymond James as its new head of U.S. equity sales trading. Powers, an 18-year veteran, spent his last 12 years at Oppenheimer and CIBC, where he was co-head of U.S. equity principal and sales trading. He reports to Dan McMahon, director of equity trading.

>>Peter Kaufman joins Maxim Group as a senior vice president of institutional sales trading in the firm's Boca Raton, Fla. office. Kaufman, a veteran of more than 18 years, spent the last five years at Noble Financial Capital Markets. Before that, he was a trader at Geduld Capital Management, a long/short hedge fund. Maxim recently announced it was expanding its research, sales and trading and wealth management groups.

>> Renaissance Capital hired three veterans to its equities trading group. The firm named Charles Croney as managing director and head of international equity trading and Victor Radeff as director, international equity trader, in New York. John Heisel joins as a vice president, equity sales trader, in Moscow.

>>Bruce Feiner joins agency broker Abel/Noser as senior vice president of the transition management sales team. Feiner, a 22-year veteran, will help clients with benchmarking and overall portfolio restructuring due to manager changes, timing and risk restrictions. He comes from BNY ConvergEx. Feiner has spent his entire career in transition management and commission recapture programs at BNY Mellon, Instinet and Lynch, Jones & Ryan. Also, he was previously the chairman and is a current member of the Florida Public Pension Trustees Association Advisory Board. He reports to Peter Weiler, executive vice president of sales.

>>James Smyth joins Cantor Fitzgerald as a managing director and head of its retail equity broker-dealer group. Smyth, a 35-year veteran, will be responsible for building out the broker-dealer business and overseeing client relationships, including execution of retail order flow. Prior, he was an executive vice president at Knight Equity Markets, where he oversaw that firm's retail and fixed income broker-dealer business. Before that, he was president of Broadcort Capital, a subsidiary of Merrill Lynch. He reports to Jarrod Kessler, global head of equities.

>>Ralph Ercole, Randy Hughes and Scott Fullman join Oppenheimer & Co.'s equities derivatives group in New York. They report to Jay Huber, a managing director in institutional trading in equity capital markets.

Ercole, a 30-year veteran, joins Oppenheimer from Vicis Capital Management, where he formulated volatility strategies globally. Prior to joining Vicis, he was a senior derivatives specialist for companies including O'Connor & Associates, Bear Stearns, Lehman Brothers and Knight Financial.