Here are some recent hires and promotions in the equities trading world as Wall Street pros make that move, right now. Read about which former RBC sales trading and research head landed at ITG. Plus, Raymond James picked up three sales traders, and post-trade processing firm Traiana has a new global head of sales.
If you’ve gotten a new job or promotion, let us know at onthemove@sourcemedia.com
ITG hires Michael Marrale as head of sales and trading and a managing director based in New York. Marrale, a 15-year veteran, will run trading operations in the East; covering the New York metro area, Mid-Atlantic region and the Southeast. He will also serve as head of U.S. equity research sales. Prior, he was head of U.S. sales trading and sector strategy at RBC Capital Markets, where he worked for nine years. He has also done stints at Lehman Brothers and Prudential Securities. He reports to David Stevens, head of U.S. and Latin America.
Raymond James hires three sales traders; Michael Young, Jeff Melvin and Kenneth Bollinger. Young, a four-year pro, comes from Morgan Keegan, where he spent the last two years trading and the preceding two on the institutional research sales desk. Melvin, an 11-year pro, trades the technology, media and telecom sector. He comes from Morgan Keegan where he spent the last nine years trading. Bollinger, an 18-year pro, joins from Oppenheimer & Co, where he spent his entire trading career, focusing mostly on the technology sector. All three report to Dan McMahon.
Post-trade processing firm Traiana has hired 13-year veteran Michael Verkuijl as global head of sales. Verkuijl joins from Thomson Reuters, where he spent eight years at the company and its predecessor, Thomson Financial, most recently as global head of investment banking sales. Prior to Thomson, Verkuijl worked in sales at Bloomberg. At Traiana, he reports to Gil Mandelzis, the company’s chief executive chairman, until Traiana’s announced chief executive officer, Andy Coyne, takes over later this year. Then, he will report to Coyne.
WallachBeth Capital hires two trading pros, Jennica Ross and Randy Scharringhausen. Ross, a nine-year pro, joins as a director and strategic relationship specialist. She was most recently a director for the strategic relations group at Guggenheim Funds Distributors and previously a director for equity syndicates sales/marketing for five years at UBS Financial Services.
Sharringhausen, a 17-year veteran, comes onboard as an institutional sales trader in equity derivatives, focusing on options and merger arbitrage. He began his career as an options market maker at the American Stock Exchange, and later became head of New York floor trading for Knight Capital Group. He joins WallachBeth from institutional options brokerage and research firm Capstone Global Markets, where he was a co-founder.
Both Ross and Sharringhausen report to chief executive Michael Wallach and President David Beth.
