Traders On the Move
Traders Magazine Online News, May 2, 2012
Here are some recent hires and promotions in the equities trading world as Wall Street pros make that move, right now. Read about the three equities veterans Citi named as global product managers, which former BNY ConvergEx pro joined Abel/Noser in transition management and the new head of West Coast sales at JPMorgan.
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Citigroup installed three veterans as global product managers. Dan Keegan, formerly head of electronic trading, was made global head of cash trading at Citi. Keegan now oversees sales and trading for high-touch, electronic execution and program trading. Mike Pringle, global head of equities trading, is now global head of the Delta One business. The Delta One desk trades exchange-traded funds and other equity derivatives that move in lockstep with underlying assets. Pringle will continue to oversee global convertibles and corporate equity derivatives origination. Simon Yates, formerly head of equity derivatives for the Americas, is now global head of equity derivatives. The department trades such products as listed and over the counter options-both the plain-vanilla type and more complex variations. Functionally, Yates' oversight includes direct market access, direct strategy access and market making. All three report to global head of equities Derek Bandeen.
Bruce Feiner joins agency broker Abel/Noser as senior vice president of the transition management sales team. Feiner, a 22-year veteran, will help clients with benchmarking and overall portfolio restructuring due to manager changes, timing and risk restrictions. He comes from BNY ConvergEx. Feiner has spent his entire career in transition management and commission recapture programs at BNY Mellon, Instinet and Lynch, Jones & Ryan. Also, he was previously the chairman and is a current member of the Florida Public Pension Trustees Association Advisory Board. He reports to Peter Weiler, executive vice president of sales.
Kurt Schliemann will join JPMorgan's electronic trading group in June to run its sales effort in San Francisco. Schliemann, who has spent his 11-year brokerage career with ITG, will join JPMorgan as a managing director. He was previously a managing director with ITG and ran its West Coast sales and trading effort since 2004. He oversaw six sales traders for ITG in San Francisco and was focused primarily on domestic equities.
Ralph Ercole, Randy Hughes and Scott Fullman join Oppenheimer & Co.'s equities derivatives group in New York. They report to Jay Huber, a managing director in institutional trading in equity capital markets. Ercole, a 30-year veteran, joins Oppenheimer from Vicis Capital Management, where he formulated volatility strategies globally. Prior to joining Vicis, he was a senior derivatives specialist for companies including O'Connor & Associates, Bear Stearns, Lehman Brothers and Knight Financial. Hughes, a 28-year veteran with stints at UBS and Solly, joins from WJB Capital Group. Previously, he worked for Jefferies & Co. where he was a producing manager and was in charge of recruiting the derivatives sales team. Fullman, a 33-year veteran, is both an options trader and a commentator who has appeared on financial TV and written for The Wall Street Journal and Barron's, as well has having published two books on options strategies. He began his trading career at Shearson American Express and worked at Cowen & Co., Swiss American Securities and Hapoalim Securities.
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