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
>>Saurabh Srivastava joined Atlanta-based money management firm Invesco as global head of electronic trading. Srivastava, an eight-year veteran, was previously head of consulting in the Advanced Execution Services department at Credit Suisse. Prior to that, he was an associate with Morgan Stanley. He reports to global head of trading, Kevin Cronin.
>> Three sales traders joined B. Riley & Co.: Peter Andorfer,Jason Buttles and Ryan Wells. Andorfer will work in the California brokerage’s New York office. He was previously at C.L. King & Associates, where he held a similar position. Buttles comes from Caris, where he spent about 10 months. Buttles has about a dozen years experience in sales trading in San Francisco. He worked at JMP Securities for six years and spent four years at ThinkEquity. Wells also comes on board from Caris, where he was a sales trader. Prior to Caris, Wells was a sales trader at ThinkEquity.
>> Penserra Securities hired Kevin Blair as a sales trader in San Francisco. Blair was previously a sales trader with ThinkEquity, which shut down last year.
>>Stacy Kishpaugh joined Aegis Capital Corp. in New York as a sales trader. She held similar roles at Rodman & Renshaw and its predecessor firm, Hudson Securities. Rodman shut down its equities group last year.
>>Robert Livio joined Mischler Financial Group’s equities trading department in the firm’s Stamford, Conn office. Livio is charged with overseeing the firm’s global equities execution platform and block business. That includes ensuring that the desk runs 24 hours a day and offers direct access to the international equity markets. Livio previously spent three years at Numis Securities as head of international equities trading.
>> Kota Global Securities of Newport Beach, Calif., hired Herman Barber as a senior vice president in the global trading and buybacks department. Barber was most recently a trader with Mischler Financial Group, also in Southern California. Barber also spent nine years as a trader at the Teacher Retirement System of Texas.
>>Michael Palazzi joined Weeden & Co. as head of derivative sales. Palazzi was previously with Pali Capital, where he held a similar post. He also spent 15 years heading sales and Nasdaq trading at CIBC in New York. Between stints at CIBC and Pali, Palazzi ran global sales trading at Cowen & Co. Weeden now employs a staff of eight in its options trading department. The firm also hired Dennis Bernholz as a sales trader in its San Francisco office. Bernholz was previously a sales trader at FBR Capital Markets, also in San Francisco, for three years.
>>Beatrix Kondor joined BTIG as a sales trader in the firm’s Atlanta office. Kondor was most recently a sales trader with Knight Capital Group in that city.
>>Alice Chen joined MKM Partners in corporate administration. Chen last worked at Neonet, heading the Swedish broker’s Asia trading desk. Prior to that, she worked for Credit Suisse in equity derivatives sales trading.
>>Jonathan Isaacman joined Brookline Group in Newport Beach, Calif., as director of trading. He was previously a trader at Roth Capital Partners, also in Newport Beach, for eight years.
>> Winterflood Securities hired Joe Gillis as a sales trader in New York. Gillis was previously a sales trader for seven and a half years with UBS Securities.
>>Greg Tusar, global head of electronic trading at Goldman Sachs, will depart the firm at the end of May, according to an internal memo obtained by Traders Magazine. Market participants said Tusar is taking a position at market maker GETCO. He joined Goldman Sachs in 2000 when the firm acquired Spear, Leeds and Kellogg, where he was a limited partner. Previously, he spent seven years at TLW Securities, eventually as chief executive officer, and helped launch and grow the business prior to its sale to Spear, Leeds in 1999.
>>Pat Morrissey joined the Vertical Group as a sales trader in Boston. He was previously a sales trader at Saratoga Capital Markets in Boston.
>>Randy Mason joined Wedbush Securities as a sales trader in the firm’s Minneapolis office. Mason was previously a sales trader at Sterne Agee in that firm’s Bloomington, Minn. office.
>>Ryan De Jong joined Scotia Capital as a sales trader in the broker’s New Orleans office. Previously, De Jong spent seven years as a sales trader with Capital One Southcoast, also in New Orleans.
>>Charles Constant joined Aqua Securities as a salesperson in the dark pool operator’s Sullivan’s Island, S.C. office. Constant was previously a salesman with Height Analytics in Washington, D.C.
>> GETCO and Knight Capital announced the names of three top equities trading executives. John DiBacco will act as global head of equities trading. DiBacco joined GETCO in March 2012, after spending 14 years at UBS on its trading desk. George Sohos is the combined firm’s new global head of client market making. He has been with Knight since 2000. Albert Maasland will act as head of global execution services and platforms. Based in London, he was recently made co-head of institutional equities sales.
>> Dan Keegan, head of Citi’s global cash equities business, has been promoted to head the broker’s equities business in the Americas. According to a company memo, Keegan’s promotion is effective immediately. He will be relinquishing his global cash equities responsibilities. According to a Citi insider, the new role is much different from his previous one in cash equities and includes a different set of responsibilities. Now, Keegan oversees all U.S. equities operations, including derivatives such as options.
The changes come because Rick Bartlett, Citi’s North American equities head, is not returning from medical leave. Replacing Keegan as global head of cash equities is Kevin Russell, Citi’s head of trading for the Americas. Russell will maintain that role while assuming his new one.
>> JMP Group hired Tom Wright as director of equities in its New York office. Wright will oversee the San Francisco-based asset manager’s institutional sales and trading business, as well as its equity research effort. Prior to joining JMP, he served as global head of trading at Sanford C. Bernstein & Co. for eight years. Before that, he held a variety of positions at Merrill Lynch & Co., including head of European equity trading and sales trading and, before that, head of U.S. equity trading and sales trading.
Wright also was a Nasdaq sales trader at Goldman Sachs for eight years. He began his career at Merrill Lynch & Co. on the Nasdaq desk in 1983.
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