Commentary

Brett Cenkus
Traders Magazine Online News

Trump Won't Kill America, Bitcoin Will

In this shared piece, author Brett Cenkus argues that nation-states will cease to exist not because of a who, but a what - and it's already here.

Traders Poll

Are you ready to comply with the new updates required by the amended Rule 606?




Free Site Registration

September 1, 2012

Macquarie Looks to Boost Blocks

By John D'Antona Jr.

Michael Cornette has been appointed managing director and head of U.S. trading. Cornette, who has more than 20 years of experience in equities trading, joins from Bank of America Merrill Lynch. He was also co-head of cash trading at Bear Stearns. Robert DeRosa joins as managing director and co-head of U.S. sales trading. DeRosa, also with more than 20 years of experience, was previously an executive director at J.P. Morgan and a managing director at Bear Stearns prior to it being acquired. Nicholas Struk joins as a managing director and co-head of U.S. sales trading. He was previously an executive director at UBS.

These senior appointments will have management responsibility for Macquarie's U.S. sales trading and trading teams in New York, Boston and San Francisco. Further appointments include seven sales traders for the U.S. desk: three as managing directors, three as senior vice presidents and one as a vice president.

Stephen Sibilia, Jon Jensen and Mark Corcoran joined as managing directors. Sibilia has experience covering mutual, hedge and pension fund clients across multiple product lines. He has held senior roles at Jefferies & Co., Sanford C. Bernstein and Goldman Sachs. Jensen comes from FBR Capital Markets, where he was co-head of trading. He has held senior positions at Bear Stearns, Dresdner Wasserstein and Natwest Securities. Corcoran comes from Lazard Capital Markets.

John Curley, Brad Hoenig and Allen Jordan joined as senior vice presidents. Curley comes from RBC Capital Markets. Hoenig was a director and institutional equities sales trader at RBC and also worked at Lehman Brothers. Jordan joins from Rochdale Securities and has a long-standing network of senior level relationships throughout the industry.

Tarik Turner joined as a vice president and was previously a director of sales trading at Ticonderoga Securities.

In equity sales, the firm hired Khristina McLaughlin and Alexander Martin as managing directors and Tad Nacheff and Jim Isenthol as senior vice presidents. McLaughlin comes from WJB Capital, where she was a director of institutional equity sales. Previously, she worked at Goldman Sachs. Martin joins from Avondale Partners, where he was a director of institutional equity sales. He has worked at Ferris, Baker Watts, and Donaldson, Lufkin & Jenrette.

Nacheff comes from FBR Capital Markets and had been a partner at ThinkEquity, a boutique investment bank. He has also held equity sales roles at Goldman Sachs and Lehman Brothers. Isenthol was most recently director of institutional equities at Soleil Securities.

And while much of the focus recently has been on the high-touch desk and hires, Savio said there are some changes coming to the low-touch desk, run by Damian Hoult, the firm's global head of execution services, who recently relocated to New York from Hong Kong. While the firm currently white-labels algorithms for clients, it is looking at moving more toward its own proprietary offering, Savio added.

(c) 2012 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com

http://www.sourcemedia.com/