Wall Street Access added three sales traders from LaBranche Financial Services, the institutional trading arm of the longtime specialist firm that is merging with Cowen & Co. William Barker, a 12-year veteran who spent eight years at LaBranche, joins as a senior vice president. Louis Puglisi, a 10-year veteran who spent five years at LaBranche, joins as a vice president. Eugene Riggio, a 13-year veteran who spent six years at LaBranche, also joins as a vice president. The new sales traders report to Sean Kelleher, a managing director for equity sales and trading.
Michael Palamaro joins ThinkEquity as a sales trader and a director. Palamaro, a 24-year veteran, previously covered accounts for Abel/Noser Corp. for three years. Prior to that, he worked at Jefferies & Co. and Raymond James. Palamaro, whose focus will be accounts in New York and the Midwest, reports to Phil Johnston, who heads the equities effort at ThinkEquity.
Todd Rich joins NYSE Technologies as a director based in its Chicago office. An 18-year veteran, Rich will focus on offering clients flexible and scalable end-to-end electronic trading solutions. Prior to this, he was a former trader on the floor of the Chicago Board Options Exchange and has held business development positions with Eurex and Boston Options Exchange. He reports to managing director Josh Clifford.
Chris Jackson joins AGF Investments, a Canadian-based money manager, as chief information officer and senior vice president of IT and operations. Jackson, a five-year professional, comes from Belzberg Technologies, where he spent two years as president of Canadian operations. He reports to chief operating officer Judy Goldring.
Adena Friedman, the former chief financial officer at Nasdaq OMX, has taken a similar position at private equity firm Carlyle Group. Friedman, who joined Nasdaq in 1993, oversaw many of Nasdaq’s acquisitions in recent years, including the Island ECN, OMX and the Philadelphia Stock Exchange. Friedman becomes the eighth female partner at Carlyle, which has 94 partners.
U.S. Capital Advisors made two hires. It brought on Bradley Stammen as a managing director and head of institutional trading. It also hired Clint Turner as a director of institutional trading. Stammen was head trader and chief operating officer of business development at SteelPath Capital Management. Turner has been an equity sales trader for more than 15 years, working for Banc of America Securities, Southwest Securities and Pulse Trading. U.S. Capital, based in Houston, recently launched its institutional client business.
Borje Ekholm was added to Nasdaq OMX’s board of directors. Ekholm, a 23-year veteran, is president and chief executive of Investor AB, a Nordic-based industrial holding company he joined in 1992. Prior to this, he worked at McKinsey & Co., a management consulting firm that advises leading companies on issues of strategy, organization, technology and operations. Ekholm sits on the boards of directors for Chalmersinvest AB, EQT Partners AB, Husqvarna AB, Lindorff Group AB, Scania AB, Telefonaktiebolaget LM Ericsson and KTH Royal Institute of Technology.
Eze Castle Integration hired two senior technologists from hedge funds for its San Francisco office. Michael Hartig and Zachary Lehman join to expand its West Coast business. Hartig joins as regional service director. He most recently served as the chief technology officer at Seasons Capital Management. Lehman joins as technology director. He will guide technology initiatives at Eze Castle for West Coast clients. A 13-year veteran, Lehman most recently worked at alternative investment advisor Varde Partners, where he served as director of technology.
Bryan Christian joined Direct Edge as head of sales. In his new role at the exchange, Christian oversees new customer acquisition and the servicing of existing accounts. An industry veteran for 16 years, he arrives from Nasdaq, where he had worked since 2005. Christian works in the Jersey City, N.J. office and reports to Bryan Harkins, the exchange’s chief operating officer.
Walter Ferstand joins TAG, a longtime provider of trade-cost analysis, as a senior vice president of compliance and regulatory consulting services. Ferstand, a 25-year veteran, has held senior compliance positions at MF Global and Instinet. Ferstand, who worked at Nasdaq for 10 years in operations management, will work with brokerage and exchange clients on their regulatory reporting requirements.
Jenn Goldson joins RBC Capital Markets as a vice president in electronic trading sales and trading in Toronto. An eight-year veteran, Goldson joins from ITG, where she spent nearly three years. She reports to Tom Gajer, who heads electronic sales in Canada, and Brian Suth, who heads electronic sales in the U.S.
Robert Garrett joined brokerage Merlin Securities as senior partner and chief technology officer. Garrett previously served as global head of execution services technology at Deutsche Bank. There, he was responsible for order management and execution, algorithms and crossing engines across all asset classes. Prior to that, he was global head of equities electronic trading technology.
Brad Wilson was appointed chairman of a new membership committee for the Security Traders Association of New York. Wilson, a veteran sales trader currently at Dahlman Rose & Co., will be focused on building new memberships through a marketing campaign highlighting STANY’s voice to regulators, legislators and the media. Wilson said since STANY is the only professional organization focused on trading securities and related issues, greater industry participation is crucial to expand STANY’s influence in Washington, D.C. and with the media. Stephen Kay is STANY president for 2011.
James (Jim) Toes, a former BofA Merrill Lynch executive, was named the CEO and president of the Security Traders Association. After a five-month search, he succeeds John Giesea, who spent a decade at STA’s helm. STA chairman Joseph Cangemi said Toes’ 25 years experience with regulators, technology and market structure, as well as his overall trading know-how, made him the most qualified candidate. "We gain all this expertise with Jim at the helm," Cangemi said. The STA has about 27 affiliates and about 4,200 members.Toes is a past president of STA’s biggest chapter, the Security Traders Association of New York. He is also a past governor and secretary of STA. Besides that, he has served on various STA market structure committees, which have put him in front of Congress. His latest position was a senior relationship manager at Broadcort, a clearing division of BofA Merrill Lynch. He spent 17 years at BofA Merrill working with retail, broker-dealer, middle-market and institutional clients.
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