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July 1, 2012

On the Move

By Editorial Staff

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  • On the Move

>> FINRA named Robert Colby as its new chief legal officer. Colby is a former longtime ranking SEC official and was involved in all of the major market structure changes in equities over the last two decades. He replaces Marc Menchel and T. Grant Callery, both of whom left the organization. Colby, a veteran of more than 30 years, comes from the law firm of Davis Polk & Wardwell, which he joined in 2009 after leaving the SEC. He was named a partner a year later in the financial institutions and trading markets practices. Prior to that, he spent 28 years at the SEC, where he served as a deputy director of the Division of Trading and Markets division from 1993 until 2009. He also served as the acting director for one year, ending in 2006.

 If you've gotten a new job or promotion, let us know at onthemove@sourcemedia.com


 >> Dmitri Galinov was named chief executive of FastMatch, an FX ECN. Galinov, a 17-year veteran, was previously head of liquidity strategy at Credit Suisse, where he spent almost five years. At Credit Suisse, he ran its in-house crossing network Crossfinder and its ECN Light Pool. He was also in charge of routing strategies for its electronic trading platform, AES. He joined Credit Suisse from Direct Edge ECN, where he was director of strategy and spent three years. Earlier in his career, he built and managed Lava Trading's direct-market-access product for the buyside. Galinov reports to the board.


>> Sales trader Nick DeCock joins Deutsche Bank as a vice president in equity derivative sales covering hedge funds and other asset managers. DeCock, a 12-year professional, spent the last five years at Citibank. He began his career as a market maker on the floor of the Chicago Board Options Exchange. He reports to Greg Kuppenheimer.


>>Jamil Nazarali, a senior managing director at Citadel Execution Services, was named president of the wholesaler business in June. He replaces Andrew Kolinsky who is retiring. Nazarali joined Citadel in September of last year, after working for competitor Knight Capital Group for 11 years.


>> Raymond James has added four sales traders in New York: Michael Young, Jeff Melvin, Kenneth Bollinger and Paul Cornette.

Young and Melvin join from Morgan Keegan, which Raymond James acquired this year. Young, a four-year veteran, spent the last two years trading and the previous two in research sales. Melvin, an 11-year pro, previously traded the technology, media and telecom sectors. Bollinger, an 18-year veteran, joins from Oppenheimer & Co, where he spent his entire career, trading mostly technology stocks. All three sales traders report to Dan McMahon, director of equity trading. Cornette, a former buysider with 19 years' experience, will cover asset managers across North America. He comes from Cowen & Co. He reports to Paul Powers.


>> Trading analytics veterans Jeff Alexander and Linda Giordano join Barclays Capital as directors in New York. They were previously with S.J. Levinson & Sons. At Barclays, they will be involved in Portfolio WebBench, the firm's suite of pre- and post-trade analytic tools.