February 3, 2014

Merrill Lynch Hires Iacobelli

A look at the equity industry's prominent hires, promotions and other notable happenings around Wall Street's trading community

By Editorial Staff

Leucio Iacobelli joined Merrill Lynch as a vice president responsible for sales in the firm's electronic retail market-making group. Iacobelli was previously responsible for sales and marketing at AlgoPartners and sister company Cuttone & Co. for two years. Prior, Iacobelli worked in broker-dealer sales at Knight Capital for seven years and as a sales trader at UBS for five years.

If you've started a new job or received a promotion, let the editors at Traders know at onthemove@sourcemedia.com

Jacob Kaippallimalil joined UBS in a new position as head of automated market making in the big broker's New York office. Kaippallimalil previously worked at Merrill Lynch for about nine years, lastly as global head of quantitative trading.

Braden Edwards joined Evercore Partners as a sales trader/execution trader in the investment bank's San Francisco office. Prior, Edwards held a similar position at Credit Suisse in San Francisco for seven years.

Steven Lynch joined Weeden & Co. in Greenwich, Conn., as a sales trader. Lynch previously held a similar role at J.P. Morgan Securities for three and a half years. Before that, he spent 10 years at Citigroup.

Brian Deane founded Apostolic Financial Advisors, an investment adviser for Catholics based in Saddle River, N.J. Deane previously spent two and a half years running the trading room at Vandham Securities.

Clark Hutchison joined Deutsche Bank as a managing director and head of its U.S. listed derivatives operation. He is based in New York, and his responsibilities include institutional sales across both listed derivatives and over-the-counter client clearing. Previously, Hutchison spent four years at Morgan Stanley as its global head of futures. There, he managed research, execution, clearing and product development. Before that, he was the global head of futures at UBS. Hutchison will report directly to Ajay Singh, managing director and global head of listed derivatives.

High-frequency trading firm Optiver has appointed Paul Hilgers as its new chief executive officer. Hilgers was the firm's head of Asia-Pacific operations and based in Sydney. As CEO, he will relocate to Amsterdam in June 2014 as part of his new role. Hilgers replaces Johann Kaemingk, who will assume a new position focused on risk management within the firm. Kaemingk helped found Optiver in 1986 as a market maker on the Dutch options exchange. Optiver's main offices are in Amsterdam, Chicago and Sydney. Luke McElnea will succeed Hilgers in Sydney as head of Asia-Pac operations.

Jordan Kimmel has been named the new chief market strategist for KCD Financial Inc., a De Pere, Wis.-based broker-dealer and Registered Investment Advisor that is majority-owned by Freedom Securities Inc. In his new position, Kimmel's responsibilities include providing guidance to the firm's nationwide network of independent brokers and their clients. He will also personally manage individual accounts. With more than 25 years in the capital markets, Kimmel was president of the Magnet Investment Group LLC, an independent firm that managed proprietary funds and served as a sub-adviser to other prominent investment firms. Earlier in his career, he served as a first vice president at Dean Witter and an account executive at Paine Webber, and at A.G. Edwards.