Credit Suisse Group AG appointed Mike Paliotta as global head of prime services, replacing departing Paul Germain, according to internal memos.
Paliotta, who was co-head of equities for the Americas, will report to Tim O’Hara, co-head of the investment banking division, according to an internal memo obtained by Bloomberg. Germain, who was appointed global head of prime services in 2013, is leaving after more than five years to pursue an “entrepreneurial opportunity” outside the bank, according to a second memo. Sofia Rehman, a spokeswoman for the firm in London, confirmed the contents of the memos.
Germain joined the bank in 2010, having previously worked for Goldman Sachs Group Inc., according to the memo. Paliotta, who has been with the Zurich-based lender for 15 years, will work with Germain “over the coming weeks to ensure a smooth transition of responsibilities,” the memo showed.
Credit Suisse, which hired Tidjane Thiam to replace chief executive officer Brady Dougan later this year, is planning to move some jobs from London to Ireland as it cuts costs at its investment bank, two people familiar said last month.
If you’ve gotten a new job or promotion, let us know at onthemove@sourcemedia.com
Sales trader Rob Weinstein was hired as a managing director, equities at FBN Securities. Weinstein, a veteran trader with over 20 years in the business, came from Dallas-based National Alliance where he oversaw its trading desk in New York.
Chatham- N.J. based agency broker Themis Trading hired sales trader Davor Beverin, as a managing director, sales and trading. Beverin, a market pro with more than 25 years in equity sales and trading came from Lazard Capital Markets, where he was director of institutional sales at Direct Access Partners. He was also an institutional sales trader with Instinet, where he worked with Arnuk and Saluzzi. He reports to Sal Arnuk and Joseph Saluzzi, the firm’s partners and co-heads of equity trading.
Electronic options marketplace BOX Options appointed Ed Boyle as its new chief executive and Lisa Fall as its new president. Boyle, a veteran with over 20 years of experience, has been with BOX since 2012 and has been in charge of business development and strategy. He also held key options leadership positions with TD Securities, LETCO Trading, Getco LLC, and NYSE Euronext (NYX).
Fall, a pro with 15 years of experience, has been with the exchange since 2006 and, in addition to taking on the role of president, will retain the titles of chief legal officer and secretary. Prior to joining BOX, Fall worked for Fidelity Investments as a trader.
Sales trader Richard Mayhew joined R.J. O’Brien (UK) as senior vice president, head of grains and oilseeds, and is charged with building a grains trading team. A professional with over 35 years of market knowledge, Mayhew will build a team focused on all aspects of futures related to grains and serve commercial clients throughout the Europe, Middle East and Africa region. He has served since 1999 as Head of International Grain & Oilseed Futures Broking for ADM Investor Services International Limited and has spent his entire career in grains. Mayhew also spent 10 years in the United States, including on the commercial side as a physical trader of soybean barges on the Chicago Board of Trade and as an sales trader with Prudential Bache in New Orleans.
Also joining Mayhew is Hui Zhao, a former colleague and will serve as a sales trader. is also part of the new RJO team, having just joined as Vice President, Commodity Broker.
Castle Hill Capital Partners hired John Quartararo as a partner and senior managing director. With over 20 years on the Street, Quartararo most recently served as a managing director and co-head of sales at Wells Fargo Prime Services after the acquisition of Merlin Securities in 2012. Prior to Merlin, he was senior managing director at Citigate Group, a London based PLC focused on providing business development counsel to global financial services companies.
