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
>>Kenny Polcari, a veteran New York Stock Exchange floor broker and media commentator, joins O’Neil Securities. Polcari, a veteran with more than 30 years’ experience trading stocks, left ICAP last November. His departure came shortly before the British interdealer broker shuttered its NYSE floor operation, where he spent many years. He also worked at ICAP’s predecessor Garban Corporates, the corporate bond operation of Garban plc. Polcari built its NYSE floor operation and an upstairs desk in Jersey City, N.J. O’Neil Securities was formerly known as William O’Neil & Co., but was split off as its own entity in 2010. The brokerage is owned by O’Neil Data Systems. Polcari is featured almost daily on television and in the press, speaking from the floor of the New York. He also produces daily market notes known as “Market Recipe” segments for Bloomberg TV.
>> Electronic brokerage SpeedRoute Execution Services hires Nancy Eichorn as a business development executive. Eichorn, a 20-year pro, previously spent more than five years in marketing at the CBOE Stock Exchange. She was also involved in institutional corporate marketing for non-deal road shows at Bear Stearns and spent almost 13 years at NASD and Nasdaq in relationship development.
>>Michael Ingrassia joins Macquarie Capital as a sales trader. Ingrassia, a 22-year vet, was previously a sales trader with Knight Capital, where he worked for about 10 years. He also did stints trading at Merrill Lynch and Herzog, Heine, Geduld.
>>Gus Phelps joins the Vertical Group and is charged with helping establish a Boston division for the firm’s institutional sales and trading department. Phelps, a 15-year veteran, comes from Boston-based Saratoga Capital, where he was a managing director. He was also a founding member and partner at Seacoast Capital, a Boston-based small- and mid-cap money manager. Phelps also served as the Boston Security Traders Association’s president in 2012. He reports to company co-founders Rob Schaffer and Tom Martin.
>>Roger Anerella joins UBS as head of global securities execution services. Anerella, a 13-year veteran, was previously in charge of execution services at Merrill Lynch. He departed after 13 years when Merrill underwent a management shake-up in 2012 that saw Ashok Krishnan take responsibility for global execution services.
>> Mizuho Securities hires Briton Ryan as head of trading and sales for U.S. exchange-traded funds. Ryan, a 12-year pro, previously held a similar position at Newedge USA, before that firm shut down its cash equities and ETF desks last summer. He spent three years at Newedge, according to a filing with the Financial Industry Regulatory Authority. Before that, he worked at Macquarie Capital, Morgan Stanley and Deutsche Bank.
>> The Securities Industry & Financial Markets Association hires Ellen Greene as part of its operations and technology group. Greene, a 26-year pro and exchange executive, spent 18 years at Nasdaq as vice president of transaction services and a sales executive, and was a managing director in the listings business at the American Stock Exchange.
>>Valerie Sanchez joins retail broker-dealer Park Avenue Securities, a unit of Guardian Life Insurance Company of America. Sanchez, a 20-year veteran in broker-dealer sales, spent nearly seven years at UBS as a director and sales trader. She was also a sales trader at Schwab Capital Markets for 11 years. She began her career as a trading assistant at M.H. Myerson.
>> Retail brokerage Transamerica Financial Advisors/World Financial Group hires Neda Shojai in its New York office. Shojai, a seasoned trading pro, was with an international trade organization before coming back to the trading world. She spent 11 years as a sales trader at Collins Stewart before leaving in 2010. She has also done trading stints at Merriman Curhan Ford & Co., Moors & Cabot and Goldman Sachs.
>>Jason Griffith joins Sanford C. Bernstein as global head of trading. He was previously at Jefferies & Co., where he was global head of equities, responsible for cash and electronic trading, equity derivatives, convertibles and prime brokerage, as well as sales and research. Griffith spent six years at Jefferies.
>>Tim Fierce joins Janney Montgomery Scott as a sales trader in the firm’s Chicago office. Fierce was previously head of institutional trading at Rodman & Renshaw and a managing director at Hudson Securities.
>>Marcus Marcuson joined Liquidnet as a relationship manager. Marcuson, a 15-year professional, joined the company’s U.S. sales team as a relationship manager for its West Coast business based in Los Angeles. Prior, he was managing director of quantitative research sales at SJ Levinson & Sons. He reports to Lugene Forte, head of sales.
>> B. Riley has added three senior sales traders from Caris & Co., Tony Kiniry, Todd McWilliams and Colin Butler. Kiniry, a 33-year veteran, was a managing director of institutional sales trading at Caris. Prior, he was with Fox-Pitt Kelton as head of equity trading. He was also head of Nasdaq trading at Deutsche Bank and at Soundview Technology Group. He was a head trader on Morgan Stanley’s Nasdaq trading desk as well. McWilliams, a 24-year professional, was a founding member at Caris and most recently served as managing director of institutional sales trading. Before that, he spent five years at Robertson Stephens as the head of healthcare & biotechnology trading. He also worked at Gruntal and Co., Wedbush Morgan and Kidder Peabody. Butler, a 10-year vet, was vice president of institutional sales trading and covered East and West coast accounts while at Caris. Prior to that, he did stints at Charles Schwab and Piper Jaffray. All three report to head of sales trading, Rick Waks.
>> Two members of the recently disbanded electronic market-making group at Cowen & Company landed at Wells Fargo Securities. Ron Hooey, who ran the equities wholesaler group at Cowen, and Kevin Fong, a trading engineer, joined Wells in November. Both executives were part of a short-lived market-making group at Cowen that was trying to make inroads in the wholesaling business. Cowen disbanded the two-year effort last August. Hooey spent nearly two years at Cowen building a business that sources say had several customers and was processing a few million shares per day. Fong spent more than a year at Cowen, after joining the firm in March 2011. A veteran of the market-making business, he spent 10 years with Bernard L. Madoff Investment Securities and two years at its successor, Surge Trading.
>> Roger Morel joins Morgan Stanley in its wealth management division. Morel, a 20-year equity veteran, spent 16 years on the trading side at Bear Stearns, until it collapsed in 2008. He then joined Jesup & Lamont for two years, running equity trading and research sales. When that firm shut down in 2010, he joined Bluefin Trading/CCM and then Guggenheim Securities.
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