On The Move
Traders Magazine, May 2012
Hughes, a 28-year veteran with stints at UBS and Solly, joins from WJB Capital Group. Previously, he worked for Jefferies & Co. where he was a producing manager and was in charge of recruiting the derivatives sales team.
Fullman, a 33-year veteran, is both an options trader and a commentator who has appeared on financial TV and written for The Wall Street Journal and Barron's, as well has having published two books on options strategies. He began his trading career at Shearson American Express and worked at Cowen & Co., Swiss American Securities and Hapoalim Securities.
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>> Citigroup installed three veterans as global product managers. Dan Keegan, formerly head of electronic trading, was made global head of cash trading at Citi. Keegan now oversees sales and trading for high-touch, electronic execution and program trading.
Mike Pringle, global head of equities trading, is now global head of the Delta One business. The Delta One desk trades exchange-traded funds and other equity derivatives that move in lockstep with the underlying asset. Pringle will continue to oversee global convertibles and corporate equity derivatives origination.
Simon Yates, formerly head of equity derivatives for the Americas, is now global head of equity derivatives. The department trades such products as listed and over the counter options-both the plain-vanilla type and the more complex variations. Functionally, Yates' oversight includes direct market access, direct strategy access and market making.
All three report to global head of equities Derek Bandeen.
>> Auriga USA, a broker-dealer affiliate of Spain's Auriga Global Investors, Sociedad de Valores, has been building out its sales trading effort over the last year.
Ladi Adebonojo, with more than 20 years' experience, joined in September. He was previously with Capstone Investments. Prior to Capstone, Adebonojo worked at Wedbush Securities, Siebert Capital Markets and First Albany Corp.
Chris Beyer, with more than 25 years' experience, joined Auriga in August to run its institutional trading effort, after two years at Collins Stewart in New York, where he covered mainly health-care accounts. He's held senior trading and sales trading roles at Cowen & Co. and Natixis Bleichroeder.
Reynolds Ospina, a 17-year veteran, joins as a managing director from WJB Capital. Ospina was hired to develop a West Coast presence. Richard Striefler, with more than 25 years' experience, joined Auriga USA as a sales trader in November. Patrick Kilcooley, with more than 15 years' experience, also joins. He is a longtime trader with stints at Charles Schwab Capital Markets, DLJ, Lehman Brothers, Van der Moolen and Hapoalim.
>> DirectMarkets, which links issuers with institutional investors, made three executive hires. Jim Feingold joins DirectMarkets as global head of investor sales. Feingold, a 27-year industry veteran, was previously global head of sales and marketing during a five-year stint at the EMS Portware. Earlier, he headed North American sales at Progress Software's Apama, an algorithmic trading provider. He reports to DirectMarkets CEO Kevin Lupowitz.
Richard "Rick" Moore joins as director of investor sales. Moore, a veteran of more than 20 years, has held senior sales positions at Pipeline Trading, Lazard Capital and Instinet.
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