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July 2, 2013

On The Move

By Editorial Staff

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  • On The Move

Who's moving on the Street in equities and derivatives? Traders Magazine's OTM--On the Move --brings that info right here.


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


>>Bank of America Merrill Lynch hired Tracy Caliendo. She joins the bulge firm as a managing director and head of Americas equity hedge fund services. Based in New York, she is slated to join in September and will report jointly to Jason Crosby, global head of portfolio products distribution, and Scott Bacigalupo, Americas head of cash equity sales. Caliendo will be responsible for enhancing the firm's hedge fund relationships and creating new ones, emphasizing electronic trading.

A 16-year pro, Caliendo spent her entire career with Goldman Sachs, where most recently she was co-head of Americas electronic trading sales and coverage. There, she was responsible for senior relationship management of its hedge fund business across its equity platform.


>>Charles Sweeney joined JMP Group as a managing director and director of trading in the San Francisco-based firm's New York office. As such, Sweeney will have responsibility for JMP Securities' institutional equity trading and sales trading activities. Sweeney will report to Tom Wright, JMP's newly hired director of equities.

Before joining JMP Securities, Sweeney spent seven months as co-head of U.S. equity trading at Cantor Fitzgerald & Co. Before that, he was head of cash equity trading and sales trading at Susquehanna Financial Group. Sweeney is a veteran of Merrill Lynch's equity trading department, having spent 16 years there from 1991 until 2007.


>>Bank of America Merrill Lynch hired Dave Lucerne as a director to trade single-stock options. Lucerne trades the health care industry. He reports to Ali Agboatwalla, head of U.S. single-stock equity derivatives trading.

>>Valar Mihan was promoted to global head of equity trading at UBS and joined its equity management committee. Mihan replaces Ryan Primmer, the bank's former global head of equity trading, who departed in April to concentrate on developing new opportunities. Mihan served under Primmer at UBS over the last year. Before that, from February 1995 to 2011, Mihan held a series of senior roles at Bank of America Merrill Lynch, including head of Americas derivatives trading, chief operating officer of global equity derivatives, head of CEMEA cash and derivatives trading, and various other leadership positions across U.S. and European trading and risk. He now reports to Mike Stewart, UBS's global head of equities.

>>Merriman Capital hired two sales traders, both from the now defunct ThinkEquity Partners. San Francisco-based Merriman brought on Jack Monopoli as a managing director and head of advisory trading and market making. Monopoli was previously head of trading at ThinkEquity. Merriman also hired Bill Southern as a sales trader. Southern was a sales trader at ThinkEquity. That firm shut down late last year.

>>Cantor Fitzgerald has hired Stan Craig as a vice president on its broker-dealer sales desk. Craig, a 14-year professional, is now responsible for growing the firm's NMS, OTC and international business flow. Prior to this, he spent seven years at Vertical Group and Wachovia Securities. He reports to James Smyth, managing director and head of the broker-dealer desk.