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ON THE MOVE: Citadel Grabs Luparello and Moves Nazarali; Moves at KeyBanc, ITG Too
Traders Magazine Online News, April 11, 2017
Citadel Securities was busy last week. First, it hired former head of the Securities and Exchange Director of Trading and Markets, Stephen Luparello, as its general counsel. At the SEC, he oversaw the adoption of Regulation Systems Compliance and Integrity (Reg SCI) and also played a key role in the Commission’s efforts to enhance operational transparency and regulatory oversight of alternate trading systems (ATSs) that trade stocks listed on a national securities exchange, including dark pools. Additionally, he oversaw proposed rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. Moreover, Luparello’s spearheaded the plan to create a comprehensive database that allows regulators to track trading activity in the U.S. equity and options markets – the consolidated audit trail or CAT. CAT, just approved for creation on November 15th, will greatly enhance regulators’ ability to monitor market behavior and reconstruct market events. Prior to his arrival at the Commission, Luparello was a partner at WilmerHale, in its Washington, D.C. office. Before that, he spent 16 years at FINRA and its predecessor, the National Association of Securities Dealers. As FINRA’s vice chairman, he was responsible for its enforcement, exam, market regulation, international and disclosure programs. Jamil Nazarali
Also, the firm sees Jamil Nazarali, head of execution services, transition into a senior advisory role to the CEO, Peng Zhao. step away from his day-to-day responsibilities. Nazarali arrived at Citadel in 2011, after holding a similar role KCG Holdings predecessor Knight Capital Group.
Lastly, Citadel appointed Sebastian Barrack as new head of commodities. Barrack had been Macquarie’s metals, agriculture co-head.
If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com
Execution broker ITG promoted two new managing directors. First is Kiri Pettigrew, Head of Legal and Compliance for ITG in the Asia-Pacific region, is a 10-year veteran of the firm. She joined ITG in late 2006 after 10 years in private legal practice in Hong Kong and Australia. Also rising is Bryan Blake, Chief Executive Officer of TriAct Canada, a wholly-owned subsidiary of ITG which operates MatchNOW, Canada’s leading dark pool. Blake joined ITG in late 2015 after spending 17 years in a number of electronic trading sales and technology product management roles.
EBS appointed Tim Cartledge as global head of FX and head of product, and Jim Iorio as head of sales and head of FX Americas.
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