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
>> Citadel Execution Services hired nine market makers and one product development specialist for its growing over-the-counter desk.
Christopher Amato, a 19-year professional, comes on board as head trader. Amato has spent his entire career in stock trading and held head trader positions at four other firms: E*Trade, GMST World Markets, International Assets Advisory and Raymond James. He will lead Citadel’s OTC desk trading domestic and international equities. Amato will also build an NMS equities trading desk. He reports to Jamil Nazarali.
Steve Carolus, a 25-year veteran, joins Citadel as senior sales trader. Carolus worked at E*Trade for the last nine years. He was the senior sales trader and helped start an international market-making desk. At Citadel, he will focus on starting an international and domestic OTC trading desk.
Patrick Burns, a 14-year trading pro, joins as an international equity sales trader. Burns also comes from E*Trade, where he worked for eight years as a market maker in Canadian and international securities.
Justin Prouty, a 16-year vet, joins as a senior international market maker. An E*Trade alum as well, Prouty worked there for nine years. He was a founding member of the firm’s international market-making desk.
Mark Stehli, a 12-year vet, comes on board as a sales trader from Knight Capital, where he spent his whole career. At Knight, he was a director of cash trading for its market-making business.
John Kane, a veteran with 13 years’ experience, enlists as a sales trader on Citadel’s cash desk. Kane spent his whole trading career at Knight Capital, where he was a director of cash trading in its market-making business.
Michael Donofrio, an eight-year pro, comes on board as a sales trader on the cash desk. Donofrio, who has spent his career at Knight, served as a cash sales trader for the last six years in the firm’s market-making business.
Bill Orsini, a 15-year sales trader, comes from Avatar Securities after a five-month stint there. Orsini has more than 10 years’ experience as a market maker.
Niki McNeil joins Citadel as an international market maker. With eight years in the business, McNeil previously worked at E*Trade and will assist in international and domestic OTC trading at Citadel. Carolus, Burns, Prouty, Stehli, Kane, Donofrio, Orsini and McNeil all report to Amato.
Away from the trading desk, Noel Dalzell joins Citadel as a vice president and head of strategy and new product development. Dalzell, a 15-year pro, was most recently at Knight Capital, where he was director in broker-dealer electronic sales. Prior to Knight, he spent 12-years at E*Trade as vice president of trading. He will focus on inbound and outbound off-exchange trading and liquidity. He reports to Marty Mannion.
>> Portware has hired three professionals–Frank DeCicco, Larry Liermann and Savyona Abel–in senior positions.
DeCicco, an 18-year pro, spent the last eight years at ITG, most recently as director in its sales and trading group. In that role, he focused on buyside trading technology. He also has completed stints at Macgregor Financial, RBC Dominion and Merrill Lynch.
Liermann, a 15-year pro, comes on board as senior sales executive for Portware FX, the firm’s foreign-exchange trading platform. Prior to Portware, he held sales roles at Credit Suisse, Barclays Capital and JPMorgan Chase.
Abel, a veteran with 21 years’ experience, joins as global head of customer experience. Abel comes from ITG, where she was managing director and head of client services. Last year, she won Traders Magazine’s Crystal Ladder Award for Wall Street Women. All three will report to chief executive Alfred Eskandar.
>>Harold Warren joined Enclave Capital, a brokerage focusing on international markets, as head of trading. Warren has spent more than two decades in international trading and sales in frontier, emerging and developed markets. Before Enclave, Warren spent five years in sales and trading at Russian bank Uralsib Financial, working out of the New York offices of Auerbach Grayson.
>> Knight Capital has named Brendan McCarthy as its new head for the Knight Direct algorithmic trading unit. He replaces Joe Wald, who has left the firm. McCarthy was promoted to head of Knight Direct Sales and trading and relationship management, and reports to senior managing director David Lehmann, head of electronic execution services. McCarthy, a six-year pro, had been the business manager and head of relationship management for Knight Direct. He will continue to work alongside Ray Ross, who oversees the technology side of Knight Direct.
>> Maxim Group, a boutique investment bank and research house, is beefing up its equities coverage from coast to coast.
For its newly opened Boston office, Maxim hired Scott Hughes as a “hybrid” research salesperson and sales trader. Hughes previously ran the middle markets group at Morgan Stanley.
For its San Francisco office, Maxim hired Dave Haraburda, also as a hybrid sales executive. Haraburda was previously a sales trader in the San Francisco office of Collins Stewart.
In New York, the firm hired Mark Milton as a hybrid sales executive. Milton was previously the head of global trading at GLG Partners, a British hedge fund.
The firm also hired Dave Circle as a hybrid in its New York office. Circle will handle trades of both equities and fixed income securities. The exec was previously with Louis Capital and worked for Bear Stearns.
>>Bill Yancey joined Dallas-based FirstSouthwest, a Plains-Capital company, as managing director of clearing and execution services.
Yancey had been president and CEO of Penson Financial Services Inc., where he was responsible for its U.S-based clearing organization. Prior to joining Penson in August 2005, Yancey served as president of Automated Trading Desk, a brokerage services company. There, he was responsible for all proprietary and institutional trading.Yancey is a past chairman of the Security Traders Association.
>> Dar Nazem joins UBS as an executive director in its Quant HQ group. Nazem has 12 years’ experience in quantitative trading, technology and prime services. He spent the last seven years at Goldman Sachs, leading that broker’s trading distribution efforts and strategic portfolio investments. At UBS, he will focus on sales, sales management and business development in the Americas. He reports to Quant HQ global head Scott Stickler.
>> Barclays has promoted Bill Bell to global head of equities electronic distribution. Bell, a former sales trader who came to Barclays when it acquired Lehman Brothers’ trading operations, will oversee global client growth and create a uniform global customer experience. He reports to Philippe El-Asmar, head of equities distribution, and Bill White, head of equities electronic trading.
Replacing Bell as head of equities electronic distribution Americas is Anthony Pallone. Pallone, a sales trader, also joined Barclays in 2008 from Lehman.
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